.

THE PEOPLE'S REPUBLIC OF CALIFORNIA - This site is dedicated to exposing the continuing Marxist Revolution in California and the all around massive stupidity of Socialists, Luddites, Communists, Fellow Travelers and of Liberalism in all of its ugly forms.

"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."

- - - - Mark Twain (Roughing It)

Saturday, October 3, 2020

California Losing so Many People It Wants to Tax Those Who Leave

That Sinking Feeling

Must See Video

Marxist Democrats Drive People Out of California

Subscribe to Styx on the free speech video platform Bitchute.com

San Francisco Rents Crash Most On Record Amid Mass Exodus

(Zerohedge) - A new report confirms what we've been talking about since the early days (read: here) of the virus pandemic, that is, an exodus out of major cities.

According to real estate analytics company Zumper, the exodus, out of San Francisco has been so great, that the median rent for a one-bedroom apartment collapsed more than 20% in September from a year ago to $2,830. Month over month, September rent for a one-bedroom apartment in the city fell by 7%.

Referring to the plunge in rent prices in San Francisco, Zumper said:

"Not only is this drop among the largest yearly decreases Zumper has ever recorded in our history of tracking rental prices, but it was also the first time the median 1-bed price in San Francisco was priced below $3000. These combined trends show just how drastically the market has changed in the nation's most expensive city to rent."

Zumper CEO Anthemos Georgiades, who was quoted by CNBC, said a flood of supply is hitting the market:

"Some renters may be inclined to move to the suburbs to get more space, as the Covid-19 pandemic spurred companies to close offices and allow employees to work from home. Facebook and Google, for example, have told employees they can work remotely at least through next summer," Georgiades said.

The virus-induced downturn, resulting in the collapse of small businesses citywide, the decimation of low-income households, and high-unemployment, is forcing many folks across the metro area to downsize or move to less expensive areas. He said wildfires and hazardous air conditions were some other reasons for "tipping the balance about their medium-term location choices."

Social unrest and the rise of violent crime have made many folks uncomfortable about raising a family in the dangerous metro area. Many are moving to rural communities of the Bay Area, from Marin County to Napa wine country and south to Monterey's Carmel Valley.

Georgiades said it could take years for San Francisco real estate to heal from its pandemic wounds