This is just another reason among others why people are leaving Pelosiville.
Bay Area residents ditching high cost of living and moving away
SILICON VALLEY (KRON) -- Whether it's traffic, the lack of affordable housing, high taxes or all of the above, a growing number of Bay Area home owners are cashing in and moving out.
They are trying to escape the high cost living here says Windemere Silicon Valley President Myron Von Raesfeld.
"That quality of life that was once prevalent here in the Bay Area for everybody has slowly over time has passed up the lower and middle class people and pushed them out," Von Raesfeld.
Von Raesfeld has found a niche, advising people who are moving on. He recently helped the owners of a 40-year old bungalow in Santa Clara relocate to Texas where they bought this brand new home about 40 miles outside of Austin.
KRON4's Rob Fladeboe spoke with Michelle and Michael Rakow via skype. "We wound up selling out and taking the money and paying off the house and buying something elsewhere the cost of living is much less expensive."
A new study by redfin shows about 24-percent of online searches in the Bay Area are looking for a home out of state.