U-Haul shortage in San Francisco
So many people are leaving the San Francisco area that it has created a U-Haul shortage.
San Francisco is losing more residents than any other US City. Sky high living expenses are the main culprit and startups are setting up shop in less expensive metro areas.
The migration is so intense, that U-Hauls are becoming scarce and truck rental prices are out of control. For example, to rent a U-Haul going from Silicon Valley to Las Vegas would cost around $2,000. But to go from Las Vegas to Silicon Valley, it’s only about $100.