It’s odd they don’t mention the sky high taxes in California as a driving force for the exodus and the fact the Gavin Newsom wants to raise them even more to cover Covid shortages. There’s only so much you can squeeze out of people before they’ll pack up an go.
San Fransisco has one of the highest, and in some cases - highest - housing and rental prices in the US. If taxes are as high as you claim, it would be more rational to argue that the high prices are indirectly caused by that tax, rather than prices being held down by taxes. Several causes seems more likely for a change in inventory, or pricing. An extremely high cost of housing and the consequently smaller than aver…
Source: moved to Austin in June.