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Interesting to see Atlanta and Charlotte leading the South ahead of Austin and Nashville. It looks like these markets are primed for more growth in the months and years ahead.
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.
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 is insane. I couldn't imagine that price tag for a freaking 1 bedroom!
Perhaps the thing I hate most about this is the fact that rents in Oakland are now soaring into the stratosphere as well as wealthy SF homeseekers are pricing out locals
I wouldnt mind the influx if major displacement of the poor and working class wasnt also occurring.
If these people were smarter, they'd specify that it's residential rents they're talking about. Lots of stuff rents...offices, forklifts... Obviously we get it, but still!
My city showed 4% rent growth...not enough to keep up with construction costs, land costs...
Perhaps the thing I hate most about this is the fact that rents in Oakland are now soaring into the stratosphere as well as wealthy SF homeseekers are pricing out locals
I wouldnt mind the influx if major displacement of the poor and working class wasnt also occurring.
The wealthly are being priced out... how ironic
At this point, only a crash could bring prices down similar to the one in 2008 and I doubt that scenario would repeat itself in such a short time frame, if ever.
The affordable housing situation in San Francisco is terrible. When you have that much wealth and high paying jobs concentrated on a small peninsula, it spells out a bad situation. The city already has over 18k people per square mile, with a similar housing density as NY per the proportion of the population. It’s just wealth is so heavily concentrated in too few areas across the country that it is creating an affordable housing crunch in any areas that offer some upward mobility.
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 insane--whoa.
At the end of the day, what a waste. But, hey, it's for the experience right?
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