41–50 of 640 posts
A good start, let's hope it continues. Rents are still roughly double what they were 15 years ago, when decent studios in central neighborhoods went for under $1000/mo.
US inflation over that period was 35%. So that means rent increased by ~50% in 15 years, this is way less than I imagined for SF.
Not surprised. I have been seeing a lot more SF city parking stickers on cars in San Diego.
Not surprised. I have been seeing a lot more SF city parking stickers on cars in San Diego.
Earlier quoted context omitted.
Had to look up that word as a non-native speaker. Didn’t find anything but this article. Anyone ever heard of this term?
"Crater up to" is not its own phrase. The title would be better written as: "San Francisco Apartment Rents Crater, up to 31%" meaning, the rents fell drastically, by as much as 31%.
No, it wouldn't. The comma makes the “up to” phrase bizarre and detached, and does nothing to improve things. It would only make sense if it was trying to say the rents both “cratered” and somehow went up (though what the % would be measured against in that case is hard to understand.)
As a sentence, it would read better with a “by” after crater, though it would be even better (and be a more accurate title) if it dropped the “up to” and just gave a single measure of the drop rather than one end of a range. “Up to” is a clickbait term that always obscured rather than clarifies.
> The figures underscore how the pandemic has roiled property markets and changed renter preferences. With companies allowing employees to work from home, people have fled cramped and costly urban areas in droves, seeking extra room in the suburbs or cheaper cities. I am skeptical. Yes a lot of Bay Area companies are allowing work from home for now, but are people really weighing that so heavily that they’re moving?…
The lifestyle advantage to walking around as your primary source of commute is so significant that I couldn't imagine ever going back.
FWIW, an article about sizes of apartments in SF https://sf.curbed.com/2019/7/12/20691973/san-francisco-avera... I never realized how small they can be.
> The figures underscore how the pandemic has roiled property markets and changed renter preferences. With companies allowing employees to work from home, people have fled cramped and costly urban areas in droves, seeking extra room in the suburbs or cheaper cities. I am skeptical. Yes a lot of Bay Area companies are allowing work from home for now, but are people really weighing that so heavily that they’re moving?…
"I am skeptical. Yes a lot of Bay Area companies are allowing work from home for now, but are people really weighing that so heavily that they’re moving?" It is the marginal buyer, not the entire population, that swings the price. It's the last few properties for sale that swing the price. Someone downthread explained it very nicely: "Rent is like a traffic jam. The market collapses on the margin. You don't need to r…
> The figures underscore how the pandemic has roiled property markets and changed renter preferences. With companies allowing employees to work from home, people have fled cramped and costly urban areas in droves, seeking extra room in the suburbs or cheaper cities. I am skeptical. Yes a lot of Bay Area companies are allowing work from home for now, but are people really weighing that so heavily that they’re moving?…