Live data from Hacker News

Average Rent in San Francisco Has Dropped $1k This Year

socketsite.com

281–290 of 562 posts

Re: Average Rent in San Francisco Has Dropped $1k This Year

#281
post #257

It looks like the house in the background is being constructed literally from sticks and cardboard.

We do not frame our houses with stones in the US. It’s not cardboard it’s OSB[1] (Oriented Strand Board). The US and Canada make most of it. [1] https://en.wikipedia.org/wiki/Oriented_strand_board

Why don't they use reinforced concrete since they're in an earthquake and fire zone? This wood seems so temporary.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#282
post #99

Dear SF, More apartments built will not help make housing more affordable for normal people. Learn about the NYC real estate market- even pre covid apartment vacancy was extremely high, and the true numbers are unknown because building developers are manipulating the market by releasing units slowly. With all the excessive inventory in NYC, you'd think that a normal person (defined by median income) could afford to b…

How about mixed-cost buildings? Some higher-cost "luxury" units whose price/rent subsidizes the lower cost "essential" units, where firemen, teachers, local people can live.

An alternative would be that the essential workers are just paid more; if they're truly essential, it's hard to see how this wouldn't happen naturally

Re: Average Rent in San Francisco Has Dropped $1k This Year

#283

Earlier quoted context omitted.

Dear SF, More apartments built are the only thing to make housing more affordable for normal people. But, when you think of them, you're thinking way too small. You need to think in terms of, like, literally doubling the number of apartments available, and they may then be in reach of normal people once more. You also need to get yourself together and reverse that trend where your transit system has carried fewer peo…

> More apartments built are the only thing to make housing more affordable for normal people What? No! Rent control is among other something that can lower the rent for normal people. I know SF has rent control, but currently it only applies as long as you don’t move.

Rent control ultimately increases the cost of housing by suppressing supply. Price controls don't work.

And how is rent control supposed to follow tenants? They just show up to a unit costing $3,000/mo and say "my rent control rate is $800/mo, so you need to rent to me at that price." No sane developer would ever build in SF if that is the case, thus exacerbating point #1.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#284

Earlier quoted context omitted.

> There was no room for negotiation or to even take a day to think it over, if you walked away from it, there were 2 people right behind you to take it. Naive question maybe, but if demand is that high, why don't prices rise even higher to balance it out a bit? Presumably most landlords would prefer another hundred or two a month at the cost of a few extra days on the market?

> Naive question maybe, but if demand is that high, why don't prices rise even higher to balance it out a bit? It's not always legal to charge more in San Francisco.

Rent control does not apply to vacant units in SF.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#285

Earlier quoted context omitted.

> More apartments built are the only thing to make housing more affordable for normal people What? No! Rent control is among other something that can lower the rent for normal people. I know SF has rent control, but currently it only applies as long as you don’t move.

Rent control as implemented can only make housing just-as-expensive, and rent control cannot make housing affordable for normal people. Put a plain 2BR in the Mission at, idk, $1500 a month (which Google tells me is a bit over the US median), and you'll have to hold a lottery to figure out which of the ten thousand families trying to get it, actually get it. Maybe you don't always have a lottery, maybe the big winner…

I’m not thinking small. I wonder if a confluence of several efforts would come together and make a real impact. E.g. make it illegal to charge more then x for an apartment evaluated at y. Make it illegal to raise the rent more the x over inflation (also between tenants). Make it illegal buy housing with the intention to sell for profit. County could buy housing with set rent to drive down the market rate. Make it illegal to own a house that stays empty more then x months.

EDIT: I know it might seem unfair if you are a landlord or in the housing speculative market. But heck, you’ve had your chance to play a fair game, and seriously screwed us over. You’ve proven your self unworthy as a player in a fair market to a point that you shouldn’t be allowed to play it.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#286
post #82

Earlier quoted context omitted.

Those landlords don't try to sell that small kitchen, they DO sell that small kitchen. When I was shopping for an apartment in SF 2 years ago there was no spot that did not have at least 2 other parties looking at it. There was no room for negotiation or to even take a day to think it over, if you walked away from it, there were 2 people right behind you to take it.

> There was no room for negotiation or to even take a day to think it over, if you walked away from it, there were 2 people right behind you to take it. Naive question maybe, but if demand is that high, why don't prices rise even higher to balance it out a bit? Presumably most landlords would prefer another hundred or two a month at the cost of a few extra days on the market?

It is better to rent to an interested party today than wait a month for someone who might pay $200 more per month. When the rent is $3500 a month, it will take 1.5 years to make up that difference.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#287

Earlier quoted context omitted.

You're going to need to present some evidence for this, I think. I don't even know what an "inferior toilet" is. I've pooped in a lot of SF toilets and can assure you that they've all gotten the job done satisfactorily.

I've lived in California my whole life, and I have to agree with the sentiment that our water fixtures are not what they used to be 40 years ago. For example, the shower head we wanted to get is illegal in California, because the flow is too high. When we bought a new toilet we had to get the low flow toilet, which definitely clogs more than the old ones did. What I don't agree with is that this bad. These are minor…

> What I don't agree with is that this bad. These are minor inconveniences

The positive externality is even more minor. You are suffering for no good reason.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#288
post #187

Earlier quoted context omitted.

Isn't it common for Japanese apartments to be super tiny though? As in enough space for a mattress and not much more.

I'm no expert, just a virtual tourist via YouTube. According to (1) average Tokyo apartment size is 20 square meters or a little over 400 square feet vs 700 square feet in San Francisco as found from a quick Google search. Considering some Japanese rent and live in Cyber cafe cubes that are even smaller I'm not sure how fair a comparison really is between the two. Japan in particular seems to have small appliances ge…

20 sq m is roughly 215 sq ft, not 400 sq ft as mentioned in the post.

215 vs 700 is a very different story from 400 vs 700.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#289

Earlier quoted context omitted.

You're going to need to present some evidence for this, I think. I don't even know what an "inferior toilet" is. I've pooped in a lot of SF toilets and can assure you that they've all gotten the job done satisfactorily.

I've lived in California my whole life, and I have to agree with the sentiment that our water fixtures are not what they used to be 40 years ago. For example, the shower head we wanted to get is illegal in California, because the flow is too high. When we bought a new toilet we had to get the low flow toilet, which definitely clogs more than the old ones did. What I don't agree with is that this bad. These are minor…

Early in the pandemic I bought a bidet, not wanting to compete with the demand for toilet paper. Since then there has been a huge decrease in frequency of plunger use in the house. Once you get used to it it generally seems like a big increase in quality of life.

Re: Average Rent in San Francisco Has Dropped $1k This Year

#290

Earlier quoted context omitted.

So, the infrastructure can handle double its current utilization? Aren’t the sewers in SF literally over a century old? No issues with adequate water supply and sewage treatment?

These are bad faith arguments and therefore you are either debating in bad faith, or a dupe. San Francisco's gross water demand has been falling consistently for the last 50 years. Not per-capita. Gross. In 1998 the demand was 82 million gallons per day and in 2019 it was 63 million, with a population 17% greater. The more people you pile into a city, the less demand there is, because grossly wasteful activities like…

Please make your points without personal swipes. Your comment would be fine without the first sentence—it's quite interesting. There was no need to spoil it with a personal attack.

https://news.ycombinator.com/newsguidelines.html

Post reply on HN