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The median 1 bd rent in San Francisco is now $3,700. For the sake of those poor folks looking for a place to live, I wish rents would go down-by like half.
That's just insane. I'm a full blown capitalist, but that just can't be healthy.
The median 1 bd rent in San Francisco is now $3,700. For the sake of those poor folks looking for a place to live, I wish rents would go down-by like half.
I was about to say isnt 3% increase in SF actually a bigger increase than 6% in Atlanta?
That's just insane. I'm a full blown capitalist, but that just can't be healthy.
SF's prices are distorted by city policies of non development. It is supply and demand in a manner of speaking, but the supply side is severely restricted due to policy and historical reasons. Coupled with that, there are a lot of households with dual incomes and no kids, which means they are able to pay more. Its tough for single people to afford needless to say.
What does the OP’s graph represent? And what does it mean that Providence is so high on the list?
The graph shows the markets that are getting more expensive the quickest.
Good for a few investors but not necessarily good for future city growth.
It might be an indication of current growth tho, as an influx in renters may drive up rental costs.
Don't be envious if your city isn't high on the list. It might mean your city is keeping up with demand. On the other hand it may be that your city is already too expensive and people don't want to move there
I wonder what end point they used to stop picking cities for their list. The article mentions that Houston was the slowest-growing rental market, with a rent increase of 1.4%, but I note from the map that cities such as Tucson, Omaha and Des Moines (just to name three) weren't included. The article doesn't mention the methodology. Top 50 markets? Top 50 increasing markets? Unsure.
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