Bay Area techies plan to ditch San Francisco for these 5 cities: Survey
Quote:
That’s what Wealthfront, an investment management firm that provides robo-advisor services, found when it surveyed nearly 2,700 of its clients who work in the Bay Area at tech companies.
The survey is based on a data analysis of clients through the first five months of 2019.
|
Quote:
|
But nearly a quarter of clients think they’ll part ways with the Bay Area altogether, opting for other comparatively cheaper cities such as Chicago and Austin, Texas.
|
Quote:
Indeed, the median home goal price in the Bay Area is more than $1 million for a two-bedroom dwelling, Wealthfront found.
In comparison, investors planning to relocate to Austin and Chicago have a median home goal price of less than $400,000 for a three-bedroom house.
|
Full list: NYC, Austin, Seattle, LA and Chicago. I have been saying this for a while, but part of the rise in tech offices we have seen the past couple of years is a result of San Fran becoming more and more inhospitable.