San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
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Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#2Not surprised. I have been seeing a lot more SF city parking stickers on cars in San Diego.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#3The free market wins again - supply and demand uber alles. If we can't build tons of new apartments, then 1/3 the city fleeing for the suburbs does the trick too!
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#4Wayne, MI studio rents are down by 23%? First of all, I wonder if they mean Wayne County, MI, or actual Wayne, MI. If it's the former, that almost makes more sense because Wayne, MI has a total of 17,000 people. The only thing I can think of is that demand has cratered because car company employees took the time to relocate once their leases were up.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#5Is data on ownership of rental stock available to the general public? Curious about what percentage of landlords are individuals vs. larger companies owning multiple properties/units.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#6'Crater'? Why not pick a more direct verb?
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#7Is data on ownership of rental stock available to the general public? Curious about what percentage of landlords are individuals vs. larger companies owning multiple properties/units.
It is sort of publicly available, but in an inconvenient way and you have to be dedicated to get an aggregate picture. For an individual building you can look at a few different things. I look at the address to which the tax bills are sent. This is usually a good way to estimate how many parcels are owned by the same entity. For a specific building, I search recorders records for the name of the entity I think owns it. This will turn up all the recorded deeds with the same entity name. Problem is many buildings are owned by single-purpose entities so then you have to also look in county fictitious business name permits and state business licenses.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#8Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#9Wayne, MI studio rents are down by 23%? First of all, I wonder if they mean Wayne County, MI, or actual Wayne, MI. If it's the former, that almost makes more sense because Wayne, MI has a total of 17,000 people. The only thing I can think of is that demand has cratered because car company employees took the time to relocate once their leases were up.
The list is by county.
Re: San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
#10And just north of the border: Toronto rent prices are down 14.9% year-over-year.
https://rentals.ca/national-rent-report
(Detached home prices? Up 10.8%, to an average of $1.14 million CAD. Sigh.)