White-collar Jobs Leave Bay Area To Benefit Elsewhere
In 2020 Austin, Texas saw a 5.8% year-over-year job growth, Boise Idaho enjoyed a 2.9% growth, Dallas 2.8%; Seattle 2.35; Denver 1.7% and Nashville 1.2%, which on the other side of this equation San Francisco and San Jose each lost 2.6% of their jobs in the finance, information and professional services catagories…I’ve heard stories of families selling their 20-year old West Coast home and moving East, purchasing a brand-new home 1,000 square feet or more larger, lowering their monthly mortgage by $1,000/month, and dramatically reducing their income and other tax payments. One downside to this is they may never be able to afford to come back to California…