Dedicated to Empowering and Informing the Burlingame Community

A lot of the fire, heat and policy-making on the Peninsula lately has  been driven by the belief that we will be adding more of…well, everything.  Except perhaps affordable, local entertainment.  Rent control.  Affordable housing.  Mass transit.  High density.  Subsidized X, Y, Z and back to A.  ADU's.  UBI.  Free lunch.  What if it's all just BeeEss?

You can find polls and surveys to support or contradict any position you choose.  But you can't deny the fact of open market pricing.  Not the engineered, subsidized, hidden-cost stuff like renewable energy.  I'm talking the "walk into a place of business and get a price quote" response.

Here's the "walk-in" price that caught my eye this week.  A friend of a friend is moving to Portland.  I know, I know–really? Now?  He's got remote work status until….. who knows when.  She can transplant her practice anywhere.  All that aside, the cost to rent a truck to move your stuff yourself to Portland today is $2,500.  The price to rent the same truck in Portland to drive to the Bay Area is…….wait for it, $300.  If I gave you my special 20 minute How-to-Negotiate class, I'll bet you could get them to pay you $300 to bring the truck back for them.  It would cover gas, lunch and the Golden Gate bridge toll.

Will the exodus continue?  Yes.  Will it last more than a couple years?  Maybe.  Will it reverse within the next five?  Doubtful.  I'm glad I'm not all-in on a high-density, all-electric$$, bird cage with a minuscule courtyard, 6' x 6' elevators and no balcony that I will need to sell for $650,000 to break even.  The old saying "don't fight the Fed" only applies if you have to get in the ring.

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51 responses to “Bay Area Exodus? How Big? How Long?”

  1. Joe

    Here’s the latest poll numbers:
    Nearly half of Californians are considering leaving the state, according to a June California Community poll.
    The top cited reasons residents had for wanting to leave the state included the cost of living and political disagreement, according to the poll results. The poll was conducted between June 6 and June 16 and is an “ongoing partnership between Strategies 360 the Los Angeles Times,”.
    The poll revealed that 81% of respondents were dissatisfied with the cost of everyday living expenses in the state. Additionally, 41% said that middle-class people have “few” to “no” opportunities to improve their financial conditions, according to the poll results.
    The poll also showed that 47% of respondents felt that the state had “over-corrected and gone too far in its attempts to give everyone equal rights,” and that 43% said California was “on the wrong track.”
    ——————
    I’m not sure what the other 57% are thinking.

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