healthmyths
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- Sep 19, 2011
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Rent a moving truck from Las Vegas to San Jose and you'll pay about $100.
In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.
What accounts for the difference? The simple laws of supply and demand, says economist Mark J. Perry. With so many people leaving the Bay Area, there are not enough rental trucks to go around. Perry, a University of Michigan professor, published his findings in a new study with public policy think tank American Enterprise Institute (AEI).
CBS News reported recently that operators of a San Jose U-Haul business have trouble getting their rental vans back "because so many are on a one-way ticket out of town." The revelation inspired Perry to compare the costs of U-Haul rentals for trucks leaving San Jose versus those heading into the city.
So many people are leaving the Bay Area, a U-Haul shortage is jacking up prices
Enough is enough: Tenants join landlord in Bay Area exodus
San Jose real estate agent Sandy Jamison has seen many long-time residents and natives leave the state recently. The lack of available housing, leading to some of the priciest real estate in the country, is driving many from the region, she said.
Jamison has even drawn up a marketing flyer for the top five reasons people leave the Bay Area:
high taxes,
cost of living,
quality of life from traffic to homelessness, politics and
high housing prices. For many long-time residents, she said,
“they feel like they don’t belong here any more.”
Enough is enough: Tenants join landlord in Bay Area exodus – East Bay Times
In the opposite direction, the same truck will cost you 16 times that, or nearly $2,000.
What accounts for the difference? The simple laws of supply and demand, says economist Mark J. Perry. With so many people leaving the Bay Area, there are not enough rental trucks to go around. Perry, a University of Michigan professor, published his findings in a new study with public policy think tank American Enterprise Institute (AEI).
CBS News reported recently that operators of a San Jose U-Haul business have trouble getting their rental vans back "because so many are on a one-way ticket out of town." The revelation inspired Perry to compare the costs of U-Haul rentals for trucks leaving San Jose versus those heading into the city.
So many people are leaving the Bay Area, a U-Haul shortage is jacking up prices
Enough is enough: Tenants join landlord in Bay Area exodus
San Jose real estate agent Sandy Jamison has seen many long-time residents and natives leave the state recently. The lack of available housing, leading to some of the priciest real estate in the country, is driving many from the region, she said.
Jamison has even drawn up a marketing flyer for the top five reasons people leave the Bay Area:
high taxes,
cost of living,
quality of life from traffic to homelessness, politics and
high housing prices. For many long-time residents, she said,
“they feel like they don’t belong here any more.”
Enough is enough: Tenants join landlord in Bay Area exodus – East Bay Times