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San Francisco crime surge drives tech chief exodus to London

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San Francisco crime surge drives tech chief exodus to London


In the past year, US buyers have become the largest group of overseas buyers in prime central London, taking the top spot from Chinese buyers, and the French in 2020.

In the year to April 2023, US buyers represented 7.6pc of all overseas sales. This was up from 3.9pc in the previous 12-month period, according to estate agency Knight Frank.

Coutts, as well as Knight Frank, have said the influx of tech workers from San Francisco was one of the primary reasons for a boom in American buyers in London.

Annie Ingram, a private banker at Coutts, said: “Tech workers have grown disenchanted with San Francisco.”

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She put this down to a mixture of crime rates in richer areas, chronic homelessness – 1pc versus 0.2pc in the rest of America – and the rising level of unemployment, which has ticked up around 1pc over the past year.

Cash App founder Bob Lee was reportedly found stabbed and unconscious by police outside a luxury apartment building in Rincon Hill, an area in San Francisco where the median household income is around $208,000 (£167,000), according to US property portal ZeroDown.

Ms Ingram said living in San Francisco now “seems less safe” to Coutts’ high-earning, overseas clients, who she said are “looking beyond the US now”.

London’s extensive prime property market, six airports, and much-sought-after education system for those with children are just some of the draws for San Francisco’ tech workers, experts said.



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San Francisco, CA

SFO experiences little disruption on one of busiest travel days

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SFO experiences little disruption on one of busiest travel days


SFO experiences little disruption on one of busiest travel days – CBS San Francisco

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Most flights were on time at SFO as travelers head out for the holidays.

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San Francisco, CA

Dolphins keep playoff hopes alive with 29-17 win over 49ers, who were eliminated Sunday afternoon

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Dolphins keep playoff hopes alive with 29-17 win over 49ers, who were eliminated Sunday afternoon


MIAMI GARDENS, Fla. — – Tua Tagovailoa threw for 215 yards and a touchdown, Jason Sanders nailed five field goals, and the Miami Dolphins kept their playoff chances alive by beating the San Francisco 49ers 29-17 on Sunday.

The 49ers were eliminated from the playoffs before the game because of wins by the Los Angeles Rams and Washington Commanders earlier Sunday. The loss ensured that last year’s NFC champions will have a losing season for the first time since 2020.

The Dolphins (7-8) helped their chances of making the playoffs for a third straight season, but will need to win their final two games and get help from losses by the Broncos, Chargers and Colts for that to happen.

Trailing by nine early in the fourth, San Francisco quarterback Brock Purdy found tight end Eric Saubert for a 2-yard score that cut the lead to 19-17, but the Niners couldn’t get past self-inflicted wounds.

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After punting the ball back to Miami with 6:45 left, San Francisco was hit with consecutive penalties for illegal substitution, unnecessary roughness and offsides to give Miami 25 yards, helping set up Sanders’ 48-yard field goal that stretched the Dolphins’ lead to five.

The 49ers were penalized 11 times for 90 yards.

Cornerback Kader Kohou then intercepted Purdy on the next drive, after the quarterback was pressured by defensive tackle Calais Campbell. Dolphins running back De’Von Achane sealed it with a 50-yard touchdown run.

Tagovailoa finished 22 of 34. Purdy was 26 of 40 for 313 yards and two touchdowns.

Tyreek Hill’s inconsistent season continued. He caught just 3 of 7 targets for 29 yards and a touchdown, with drops on the first two drives of the game and another on a potential touchdown in the third.

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Jonnu Smith caught six passes for 62 yards to set the Dolphins’ single-season franchise record for receptions (76) and receiving yards (802) by a tight end.

Sanders was 5 of 5, including a 54-yarder, which made him 11 of 13 on field goals of 50-plus yards this year. San Francisco’s Jake Moody missed a 41-yarder in the third.

Deebo Samuel caught his first touchdown since Week 6 on a 16-yard score in which he muscled through several defenders on his way into the end zone.

Miami moved into 49ers territory three times in the first half but settled for field goals before Hill’s 3-yard touchdown catch from Tagovailoa that put the Dolphins ahead with 3:20 left in the second.

Purdy then drove San Francisco 67 yards down the field to set up Moody’s 21-yard field goal to cut Miami’s lead to 13-10 at halftime.

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Injuries

49ers: LB Dre Greenlaw (right calf), LG Aaron banks (knee) and LT Jaylon Moore (quad) left with injuries. … DE Leonard Floyd played through a shoulder injury suffered in the first quarter.

Dolphins: WR Jaylen Waddle did not play because of a knee injury suffered last week. … CB Kendall Fuller (knee) and LB Jordyn Brookes (quad/knee) left in the second half.

Up next

49ers: Host Detroit on Monday Dec. 30.

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Dolphins: At Cleveland next Sunday.

——

AP NFL: https://apnews.com/hub/nflbr/]

Copyright © 2024 ESPN Internet Ventures. All rights reserved.



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San Francisco, CA

SF is the only city where it's cheaper to buy a home now than in 2019

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SF is the only city where it's cheaper to buy a home now than in 2019


San Francisco is the only major U.S. city where it’s cheaper to buy a home now than it was five years ago, according to data from real estate listing site Zillow.

Of the 100 largest U.S. cities by population, San Francisco is the single example that saw home values fall between November 2019 and November 2024, based on what the company calls the “Zillow price index.”

The city saw the typical home price decline by 3.7% during that period. All other cities saw prices increase. Across the Bay, Oakland had the smallest increase, with the average home value rising 2.1%. Among other major U.S. cities, prices rose 37.58% in Los Angeles; 38.34% in Austin, and 69.26% in Miami.

Cheaper is one thing. But cheap? That’s a different story. 

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According to Zillow, the typical home value in San Francisco in November 2024 was $1.26 million, versus $1.31 million five years ago. In 2019, San Francisco had by far the highest typical home price across all major cities, coming in more than 30% over second-place San Jose.  

In 2024, San Francisco was one of four cities, all in California, with typical home prices over $1 million.

Kara Ng, a senior economist at Zillow, said San Francisco was an outlier in the first place. 

“Five years ago, San Francisco was far and away the most expensive city to buy a home in the U.S.,” Ng said, adding that the pandemic fueled the ability for a highly paid but price-constrained workforce to flock to more affordable areas. 



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