5 ms·
Of those some immediate standouts are: Scam listings. One that is >$2k a WEEK. A bunch of listings not actually in SF. Anecdotally; A friend of a friend jus
by 650REDHAIR 3mo ago
Of those some immediate standouts are:
Scam listings.
One that is >$2k a WEEK.
A bunch of listings not actually in SF.
Anecdotally; A friend of a friend just moved into an awful building on Ellis and is paying $1650/month for a small studio. 1br in my building are renting for $3,300+ and I'm not in a particularly desirable neighborhood, a new building, or a rent-controlled building.
So yeah, it feels really true.
Not really sure how rents are skyrocketing when every 3rd person I know in tech has been laid off in the last year.
- crooked-v 3mo ago> Not really sure how rents are skyrocketing when every 3rd person I know in tech has been laid off in the last year. Simple: the amount of available housing really is just that low.
- 650REDHAIR 3mo agoI don’t think it’s that simple at all. I see plenty of vacancies around me. I think we need to build higher density housing and I also think there is some amount of market manipulation happening.
- crooked-v 3mo agoIn SF, the apartment vacancy rate was approaching an absurdly low 3% earlier this year (https://www.sfgate.com/local/article/san-francisco-rent-surge-21322840.php https://www.sfgate.com/local/article/san-francisco-rent-surg...). Usual estimates put apartment vacancies at at least 5% just to accomodate people moving in and out of buildings in the first place.