I’m not so sure - housing is so expensive in the Bay Area it’s more than just moving to retire.
I grew up in Buffalo where housing is quite inexpensive so it’s more dramatic for me, but a small house to raise a family is 2.3 million on the peninsula, super old, pretty small (1600sqft), and being a new buyer your property tax on that is 23k per year.
That’s insane even if you get a million dollars in an exit or in google shares.
People just want to be able to have a family and a place to live.
My friends mostly left in their 30s to have kids (mostly Colorado, some Texas).
Even SF is cheaper than the peninsula for a new construction apartment (which don’t really exist in Palo Alto through Cupertino).
You can’t even really escape to Santa Cruz anymore - you’d have to go to Sacramento. At that point you might as well move across the country.
Frustrating bit to me is how unnecessary this is - just people who bought first protected by prop13 keeping the supply down for others.
There’s an irony in seeing people with a Black Lives Matter sign on the lawn, and pushing for No on 22, but when it comes to the most important way to actually help the most people (increasing housing supply) - they instead repeatedly argue against building new or high density housing. And they do this while pretending they’re in favor of housing at the same time.
One of the Palo Alto city council members says there’s no housing crisis - you just need a good realtor (like her). See: https://twitter.com/lydia_kou
Kitty on the planning commission in Cupertino says if they build housing single devs will turn their high school daughters into prostitutes.
People complain about building everywhere, but the housing policy/cost is abnormally bad here.