All the crazy things happening in San Francisco because of its out-of-control housing prices

People are leaving San Francisco in droves as the cost of living reaches a new high.

A recent report from real estate-site Redfin revealed that San Francisco lost more residents than any other city in the country in the last quarter of 2017. The great migration is far from over. Last month, 49% of Bay Area residents said they would consider leaving California because of the cost of living, according to a survey of 500 residents by public-relations firm Edelman.

Here are all the crazy things happening because of the Bay Area's insane housing prices:

SEE ALSO: San Francisco's housing market is so dire that people are spending over $1 million on the 'earthquake shacks' built after the 1906 fires

This is how people outside the area imagine living in San Francisco.

And this is the reality.

The median-priced home in San Francisco sells for $1.5 million, according to Paragon. It's not uncommon for buyers to bid hundreds of thousands above asking and pay in all cash.

Source: Paragon

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Contributer : Tech Insider http://ift.tt/2I6ERzx

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