Average Rent in San Francisco Has Dropped $1k This Year
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Average Rent in San Francisco Has Dropped $1k This Year
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Re: Average Rent in San Francisco Has Dropped $1k This Year
#2Infinity minus $1k is still infinity ;)
Re: Average Rent in San Francisco Has Dropped $1k This Year
#3> the weighted average asking rent for an apartment in the city, which currently measures around 2.3 bedrooms when counting a studio as having one, has dropped to $3,100 a month.
Still too high. Was checking into apartment prices earlier in the year and it is amazing the number of landlords that will try and sell you on a “kitchen” that is a mini-fridge, tiny sink, microwave and a hot plate whilst still charging you full rent.
San Francisco’s rental market is a good lesson in how supply and demand informs pricing that the residents and the Board of Supervisors alike continuously and willfully ignore.
Re: Average Rent in San Francisco Has Dropped $1k This Year
#4It's free on the street, you can eat and crap at will.
Re: Average Rent in San Francisco Has Dropped $1k This Year
#5Is the control rent rule applied in SF preventing Also play in that case?
Re: Average Rent in San Francisco Has Dropped $1k This Year
#6It looks like the house in the background is being constructed literally from sticks and cardboard.
Re: Average Rent in San Francisco Has Dropped $1k This Year
#7Drop 50% and then we can start to talk about reasonable values..
Re: Average Rent in San Francisco Has Dropped $1k This Year
#8> the weighted average asking rent for an apartment in the city, which currently measures around 2.3 bedrooms when counting a studio as having one, has dropped to $3,100 a month. Still too high. Was checking into apartment prices earlier in the year and it is amazing the number of landlords that will try and sell you on a “kitchen” that is a mini-fridge, tiny sink, microwave and a hot plate whilst still charging you…
Do they ignore it, or are they using it for their own gain? For people who actually own property in San Fransisco, consider how enriched they have become by the obscenely rising rent/real estate prices. This comes along with them getting to keep their neighborhoods static instead of having to have a gigantic shadow erected across the street. Sure there are downsides, but you can always just sell and get our with a pretty sweet paycheck before those come to bite you.
Re: Average Rent in San Francisco Has Dropped $1k This Year
#9renting in SF...talk about a cash incinerator
Re: Average Rent in San Francisco Has Dropped $1k This Year
#10I have somewhat inside info about a drop in rent for commercial real estate in a high end shopping street in NL ( The Netherlands ).
This is unheard of, real estate owners rather keep a shop vacant than drop the rent.
I think we have seen nothing yet in commercial real estate, obviously not limited to SF or NL.