According to a report from CNBC, many tech companies are having trouble convincing workers to move to San Francisco because it’s so expensive.
Despite high salaries for tech jobs in Silicon Valley, it’s getting tougher to convince workers that the cost of living is worth the price tag.
The article in Yahoo! Finance goes on to mention that many tech companies have, or would consider leaving the Bay Area for somewhere like Los Angeles, but most companies simply can’t find the talent that they’re looking for outside of the Bay Area.
For more on the current prices of the Bay Area housing market check out these numbers from Zumper.