6 ms·
In the 2000s, many younger people (sub-30s) moved to the bay area to participate in the boom. When things went sideways, many returned to their home state and/
by fairramone 4y ago
In the 2000s, many younger people (sub-30s) moved to the bay area to participate in the boom.
When things went sideways, many returned to their home state and/or moved back in with their parents. The local San Francisco rental market subsequently crashed.
- dragonwriter 4y agoThere is no time from the 2000s on where the SF rental market crashed; median rents dropped slightly after the 2008 financial crisis as they did nationally, but bounced back faster than the national trend.
- fairramone 4y agoAh, my recollection is definitely different. It was absolute madness for a while. You'd show up and there would be a line of 30+ people all waiting to see the same place. You'd also need to be armed with a "rental resume" along with the dreaded application fee to even be a contender. When things burst, that all went away. This was pretty interesting: https://medium.com/@mccannatron/1979-to-2015-average-rent-in-san-francisco-33aaea22de0e https://medium.com/@mccannatron/1979-to-2015-average-rent-in...