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Technical icon criticizes San Francisco, announces relocation to Florida: “It’s impossible to stay here”



Bay Area technical icon Keith Rabois has announced he is leaving San Francisco permanently – and has criticized the city for leaving.

Raboa, a former CEO of PayPal, Square, LinkedIn and others, told Fortune that he was “moving immediately” because he found it “impossible to stay” in San Francisco. After living in the Gulf area for 20 years, he said he plans to move to Florida.

“I think San Francisco is just so massively mismanaged and mismanaged that it’s impossible to stay here,” Rabois told Fortune. He told the publication that other friends from his peer group had done the same, and a look on his Twitter account showed numerous tweets about the so-called eviction from San Francisco.

Rabois is a legend in Silicon Valley as an investor and technical contractor. He became known as part of the PayPal Mafia, a group of early PayPal employees, including Peter Thiel and Elon Musk, who have since become big names in the industry.

His residence in Glen Park was the subject of local headlines in 2017, when he proposed a proposal to renovate the city. Rabois bought two properties on Everson Street with plans to add to one a gym, basketball court and sauna. Neighbors worried that he was setting up a Mark Zuckerberg technology complex and went so far as to set up a website to protest his plans.

Rabois is hardly the only person to have moved from San Francisco during the coronavirus pandemic. In August, real estate site Zillow published its 2020 Urban and Suburban Market Report, which shows that San Francisco’s inventories have grown 96% year-over-year.

“It may be tempting to acknowledge the San Francisco inventory boom with the advent of remote work that came with the pandemic, but we just have to look to San Jose to question that story,” said the Zillow economist. Josh Clark in front of SFGATE in August. “The San Jose subway, which, like the city of SF, is dominated by technicians, has not seen such growth. Two things that could make a difference are the density of San Francisco and its smaller share of family households.”


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