Sunday, February 16, 2014

Charles Schwab to move 1,000 jobs out of San Francisco

From the LA Times:
It is moving the jobs out of San Francisco because of the high cost of doing business and the high cost of living in the Bay Area, spokeswoman Sarah Bulgatz said. But, she added, "We intend to keep our corporate headquarters in San Francisco for the foreseeable future."

According to market data from Paragon Real Estate Group, a San Francisco-based real estate company, the median home sales price in the city in August was $870,000, and the average rent for a two-bedroom apartment in San Francisco, Marin and San Mateo counties was $2,697 a month.

Bulgatz said the company also has had difficulty recruiting in the Bay Area because of the intense competition for top talent.
The median sales price!  $870,000!!  Amazing!

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