On March 31, the day before he moved from San Diego to Austin, Texas, Clay Hebert went shopping for a rental car. Before the pandemic, Hebert, a marketing strategist who frequently travels for work, was used to paying about $400 a week for a rental.
San Francisco Multifamily Market Update
Last modified on April 12th, 2021
Is it an exaggeration to say that San Francisco is the greatest hub of technological invention and innovation the world has ever known?
Take a look at the Milken Institute’s Best Performing Cities 2020 Report. Looking back at the year 2019, the San Francisco-Redwood City-South San Francisco Metropolitan Statistical Area took the top spot:
The region’s wage income growth in the five-year benchmark and the recent period exhibit exceptional strength (ranked second among large MSAs). Besides the region’s robust growth in job creation and income, it also commands the highest rank of five-year high-tech GDP growth among large metropolitan areas in the nation. More importantly, the high-tech content as a share of the regional economy is increasing.
Workers head to R1 million-a-month resorts while waiting for vaccines
Bloomberg21 February 2021
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When Governor Gavin Newsom announced that California would be entering its strictest lockdown yet in mid-December, some of his most well-to-do residents ran the other way – as far as they could – to places like sunny Belize.
Others, who’d seen the writing on the wall well ahead of time, were long gone.
Unlike the first wave of Covid-19 lockdowns, which sent people on road trips and to second homes, the second wave has globally triggered a desire for more permanent, warmer, far-flung escapes.
In the UK and Europe, the wealthy have flown to such warmer climates as Dubai, the Maldives, and Spain to escape winter lockdown, says Justin Huxter, founder of UK-based Cartology Travel.
Here s where the Bay Area s wealthy are temporarily relocating amid COVID-19
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Sayulita, Mexico.Jordan Siemens/Getty Images
While most people have hunkered down at home through the COVID-19 pandemic, some members of the wealthy set have fled their shut-down cities for far-flung destinations, and they re sparing no expense, according to a report from Bloomberg News.
Jack Ezon, founder of Embark Beyond, told Bloomberg the luxury getaways he s planning for clients including those on the West Coast who are escaping to Arizona and Mexico average about $70,000 a month, with most people booking two- to four-month stays.
Californians in particular jetted to sunny locales with their laptops in tow when Gov. Newsom issued the regional stay-at-home order in mid-December.
Wealthy Americans are escaping the discomfort of coronavirus restrictions by taking to their private jets and temporarily relocating to expensive beach resorts where they can continue their lifestyles in style, travel industry experts say.