But they're not ending up where you might think. SF residents are indeed leaving the city in droves, but they're not going very far. We keep hearing about this mass exodus to more affordable places like Austin or Denver, but USPS data shows that they're mostly heading across the bridges to other Bay Area counties including Alameda, San Mateo, and Marin. Maybe after things return to normal(ish), everyone will want to head back to the city again and there will finally be more inventory everywhere else!
All things real estate.