3 ms·
Rents were declining in 2009? On the back of the biggest recession in 80 yrs and a collapse of the housing market? You shock me.
by abritinthebay 10y ago
Rents were declining in 2009? On the back of the biggest recession in 80 yrs and a collapse of the housing market?
You shock me.
- timr 10y agoYou're easily "shocked", I suppose. I'm not making a moral judgment, I'm pointing out that SF has gone from declining rents to a "crisis" market within a few years' time. The rent crisis is acute, and it's quite obviously due to a bubble on the demand side. I could have just as easily used 2012 as the year, because rents were more-or-less flat in SF from 2010-2012, after some declines in 2009. Rent lunacy began concurrently with startup valuation lunacy.