Earlier quoted context omitted.
That's absurd, I'm in running distance from Kendall and my rent is <$1k.
....how?
Roommates, I guess? Also, for clarity, Kendall is 1.7 mi away from me.
San Francisco, Silicon Valley rents plunge amid downturn
341–342 of 342 posts
Re: San Francisco, Silicon Valley rents plunge amid downturn
#342Earlier quoted context omitted.
What do you mean tricks exhaust? It's a loophole, so it will work until the laws are changed to close the loophole. It makes no different to the landlord or tenant if the base rent is dropped, or the effective rent is dropped (assuming everyone can do basic math)
"Tricks exhausted" means when the trick is no longer sufficient to keep apartments filled; when the only way to entice new renters is lower absolute rents. No one is going to click on a $2000 apartment with six months free when the listings are full of $1500 apartments.
The trick is that they advertise it for $1500 and report up to the government it was $2000. That’s the point of the trick..