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It costs an insane amount to rent an apartment in a good neighborhood in most big cities now in the country. San Fran is so expensive folks are leaving. No su
by godzillabrennus 11y ago
It costs an insane amount to rent an apartment in a good neighborhood in most big cities now in the country. San Fran is so expensive folks are leaving. No surprise that things are leveling out!
- Johnie 11y agoThe article is talking about prices and vacancy leveling out due to developers building more units. This is the market functioning the way it should be. Nowhere does the article attribute the leveling out to people leaving the city. In fact, the more people are moving to SF than moving out [1]. [1]http://sfist.com/2016/03/25/san_francisco_metro_area_population_grows.php http://sfist.com/2016/03/25/san_francisco_metro_area_populat...
- brbsix 11y agoWant to know how much a 1br in SOMA / south beach is going for today? $3815 (mean of 292 listings)[0]. Three years ago, I was paying $500 less than that for a 2br new high end unit in the same neighborhood. Fucking ridiculous. I'm considering moving to NYC for the lower cost of living. 1br in Brooklyn is $2220 (mean of 523 listings, excluding fees)[0]. Really happy to see people finally let the market do it's thing and produce a product (in this case housing) that's in such desperate demand. [0]: https://github.com/brbsix/craigslist-rental-market https://github.com/brbsix/craigslist-rental-market
- cylinder 11y agoYou need to divide Brooklyn into the parts you'd actually want to live in (commute times and safety). Split it in half. You'll definitely pay more than $2200 in the more convenient safer areas