If you live in the Central Valley, the Bay Area transplant who moves in next door won’t likely be a Silicon Valley executive driving a Tesla. Your new neighbor will be more likely be a barista who couldn’t afford a home in the Bay Area.
Nearly half of the estimated 365,000 households who left the Bay for the Central Valley between 2010 and 2016 earned less than $50,000 a year, according to a new study released this week. It is co-authored by researchers from the Terner Center for Housing Innovation at the University of California, Berkeley, and BuildZoom, a website connecting homeowners with contractors.
