San Francisco has been the symbol of everything from counterculture values ("wear a flower in your hair") to tech. No surprise, youth considered it Paradise. That was until recently.
CNBC reports that a recent survey by the Bay Area Council found that 34 percent want to leave. Many of them have been in the city for five years or less.
Their top complaints are the high cost of keeping a roof over their heads and traffic. Next in line are crime, income inequality and homelessness. In short, San Francisco is being perceived as a Paradise Lost.
To those from the East Coast, that sounds familiar. Many who had tried out New York fled for essentially the same reasons. Currently, in both the average monthly rent for a one-bedroom is $3,000.
The only people who can continue residing in San Francisco and New York might be the 1%.