January 1, Over half of Bay Area residents plan to relocate permanently

A new poll from Joint Venture Silicon Valley finds that over half of San Francisco Bay residents consider leaving the area for good.

Fifty-six percent of respondents said they were likely to leave the area within “the next few years.”

“It’s housing, stupid,” said Russell Hancock, Joint Venture Silicon Valley president and CEO. “That is driving almost all of the results we see in this poll.”

Of the participants who said they were likely to leave, 84 percent cited the cost of living as a significant reason, while 77 percent specifically cited housing costs.

Additionally, 62 percent listed quality of life as their driving reason.

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More than half of Bay Area residents plan to leave permanently: poll