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Bay Space tech employees plan to flee San Francisco for the extra inexpensive locale of … New York Metropolis.
That is what Wealthfront, an funding administration agency that gives robo-advisor companies, discovered when it surveyed practically 2,700 of its purchasers who work within the Bay Space at tech corporations.
The survey is predicated on an information evaluation of purchasers via the primary 5 months of 2019.
Fewer than 1 / 4 of Wealthfront’s tech purchasers within the Bay Space plan to buy a house in San Francisco correct.
Those that select to stay in California’s Silicon Valley suppose they will snap up a house within the neighboring cities of Sunnyvale, Mountain View and San Jose.
However practically 1 / 4 of purchasers suppose they will half methods with the Bay Space altogether, choosing different comparatively cheaper cities resembling Chicago and Austin, Texas.
“What’s fascinating is the drastic delta between what folks would pay for a two-bedroom house in San Francisco, versus what they’d pay in different…
