The numbers are staggering. According to online real estate company Zillow, the city by the Bay is emptying out.
A flood of new listings began during the pandemic, a 96% increase compared to last year’s housing inventory. Silicon Valley pushed staff to work from home, an effort many tech giants are thinking of making permanent. But that doesn’t explain the exodus since San Jose hasn’t seen the same effect. Neither have Miami, Boston or Washington, D.C., at least not at this level.
The sad fact is, San Francisco has become unaffordable and unlivable at the same time.
The harsh pandemic response has hurt other California cities as well. Gov. Newsom’s arbitrary diktats have shuttered churches and gyms, but ignored massive Black Lives Matter protests and the advantage-taking rioters who followed in their wake.