idea of a Bay Area "exodus" is no joke, and appears to be growing
more vivid and real with each year.
A poll released
Sunday by a local advocacy group showed that 46 percent of Bay
Area residents surveyed said they want to move out of the area
within the next few years. That number is up from 34 percent in
2016 and 40 percent last year in the same poll.
survey was a joint effort by advocacy group Bay
Area Counciland public opinion data firm EMC Research. The
poll involved 1,000 registered voters in the Bay Area.
reason for the urge to leave might be pretty obvious, at least to
anyone knowledgeable on California: It's just too expensive. Cost
of living (45 percent) and housing prices (27 percent) were the
main reasons cited among the 461 residents who said they want out.
may be the highest there, but housing prices aren't just booming
in the Bay Area. A statewide poll conducted by UC Berkeley last
56 percent of voters have considered moving due to the housing
crisis — and 1 in 4 of those residents
said they'd leave the state. Some are already making
good on that promise.
of those 461 hopeful movers, 24 percent said they'd likely stay in
California, and 5 percent indicated they'd likely move to
data confirm that Sacramento is experiencing its highest
rate of domestic migration in over a
decade. While Los Angeles County sent the most residents to the
state's capital in 2016, Santa Clara, Alameda and Solano counties
took the next three spots.
Area median home prices hit $850,000 in April, The
Mercury News reported based on data from
real estate firm CoreLogic. In Sacramento, that number has trended
more toward $300,000.
residents in the Bay Area Council survey expressed pessimism for
the overall economic health of the Bay Area. About 60 percent said
they think an economic downturn is coming within the next five
Bay Area Council is a public policy advocacy group. Most of its
recent publications are related to the topics of housing prices
and real estate.