Silicon Valley Residents Leave for Greener Grass, Cheaper Housing – Choose Montana!

Not everyone wants to live in Silicon Valley. Americans are starting to leave the techie hub faster than they’re arriving, a new study says.

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The region lost more than 7,500 residents to other parts of the U.S. last year, the first time Silicon Valley has lost more U.S. residents than it has gained since 2011, according to the Silicon Valley Competitiveness and Innovation Project. Two local groups commissioned the study to identify strategies to reinforce the region’s innovation.

Although the pool of workers is still growing, due to a large influx of highly educated foreign-born workers, the departure of homegrown talent points to weaknesses in the region’s ability to sustain its population, particularly with affordable housing.

"People are leaving for a mix of reasons, but some might be getting opportunities in other regions where they can pay less for housing," said John Melville, co-chief executive of Collaborative Economics Inc., the firm that produced the study.

By Georgia Wells

Full Story: http://blogs.wsj.com/digits/2016/03/03/silicon-valley-residents-leave-for-greener-grass-cheaper-housing/

(Thanks to Will Price for sharing)