Act two of the tech's flight will not be so pretty for SF. I don't think the advocates will be thrilled with the results.
Given SF has been extremely heavy handed with the lockdowns, and a huge number of people leaving, alot of them well paid. Restaurants and businesses are closing(and moving out of the area) at a rapid pace. Expect a historic drop in revenue for the city, this means less services, less funding for education, more filth, more homeless, more drugs everywhere.
The residents who have the means will get fed up with the downward spiral, leading to a negative feedback in life quality and revenue. Politicians in SF always money hungry will then try to hit the 'billionaires' where it hurts, 'their wallets', and try to raise taxes leading to more people leaving. Not everyone who is leaving is because of the cost of living, its also people who are fed up.
The quality of life thing is huge, half of my Wife's good friends left the bay area the past year or two, a bunch of my co-workers in tech left and alot of it was people are sick of how poorly the place is run and is turning into a dump. I left in the summer and will never return, I grew up in the area so its been bittersweet, but I don't regret moving one bit.
Given SF has been extremely heavy handed with the lockdowns, and a huge number of people leaving, alot of them well paid. Restaurants and businesses are closing(and moving out of the area) at a rapid pace. Expect a historic drop in revenue for the city, this means less services, less funding for education, more filth, more homeless, more drugs everywhere.
The residents who have the means will get fed up with the downward spiral, leading to a negative feedback in life quality and revenue. Politicians in SF always money hungry will then try to hit the 'billionaires' where it hurts, 'their wallets', and try to raise taxes leading to more people leaving. Not everyone who is leaving is because of the cost of living, its also people who are fed up.
The quality of life thing is huge, half of my Wife's good friends left the bay area the past year or two, a bunch of my co-workers in tech left and alot of it was people are sick of how poorly the place is run and is turning into a dump. I left in the summer and will never return, I grew up in the area so its been bittersweet, but I don't regret moving one bit.