More than half of the residents living in the San Francisco Bay Area say they are considering moving out of the area permanently, according to a poll from Joint Venture Silicon Valley released Monday.
The survey of voters in five Bay Area Counties found that 56 percent of respondents said they were likely to leave the region within “the next few years,” a higher percentage than in any of the think tank’s previous polling.
A separate 44 percent said they were unlikely to leave, with 14 percent of these people saying they want to move but could not.
Russell Hancock, president and CEO of Joint Venture Silicon Valley, told The San Francisco Chronicle that the issue comes down to the costs of housing.
“It’s housing, stupid,” Hancock told the newspaper. “That is driving almost all of the results we see in this poll.”
Among those who were likely to leave, 84 percent cited the cost of living as a major reason, 77 percent specifically cited high housing costs and 62 percent cited the quality of life.
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