San Franciscans Fleeing Pricey Housing Fuel Boom to the East
- Capital city sees influx of San Franciscans weary of prices
- Downtown development boom is boosting city’s recovery
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As the cost of daily life tests the bounds of gravity in San Francisco, a beneficiary has emerged 90 miles away.
Sacramento, the California capital whose last flirtation with national prominence arguably was during the 19th-century Gold Rush, is seeing its property-tax base and revenue surge. Drawn by its lower cost of living, people priced out of the San Francisco area by the flood of cash from the tech boom are heading inland, helping to make it the state’s fastest-growing big city.