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How Liberal Housing Policies Made San Francisco Unaffordable for All but the Rich

The San Francisco Bay Area is a booming locale, and certainly one of the most naturally beautiful. It should be a fantastically desirable place to live.

Yet, according to a recent poll, nearly half of San Francisco residents say they want to leave the Bay Area entirely.

A study from the Bay Area Council, a public policy organization, found that 46 percent of San Francisco residents have plans to move out of the area, a jump of 12 percent since 2016. Of those who participated in the survey, 61 percent said they planned to leave the state, with Texas being a primary destination.

There are certainly many reasons for leaving the Bay Area. Rising crime rates and lawlessness, as well as worsening sanitation, are among them.

San Francisco’s homelessness problem is becoming, at this point, a national embarrassment.

But the top reason for wanting to leave San Francisco, according to the poll, is the cost of housing. As jobs have flowed into the Bay Area, the cost of living has become astronomical.

“Despite the fact that many of the homes and apartments are small and located close together, San Francisco now has the highest rent in the world,” wrote Rachel Alexander in Townhall. “The average monthly rent is $3,500. A median-priced home sells for $1.5 million, but only a paltry 12 percent of residents can afford this.”

The explosive housing costs can’t just be excused as simply the product of a growing economy and urban environment. Other thriving cities such as Nashville and Atlanta are also doing well without the surge in housing costs.

Read the full story from The Daily Signal

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