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Zumper is pretty inaccurate when it comes to SF I have found. The influx of new residents still vastly outpaces new construction + people leaving SF. As such, r

Zumper is pretty inaccurate when it comes to SF I have found. The influx of new residents still vastly outpaces new construction + people leaving SF. As such, rents are not going down. The easiest way to verify this is just to ask anyone trying to rent in SF.

rhizome 10y ago
As a possible counterexample, in the past month I have seen street signs in my carpetbagger-friendly neighborhood for rental open-houses and "For Rent" signs on buildings, which I haven't seen since before the recession.
terinjokes 10y ago
I'm currently in the process of packing for a move on the 1st. Rents are definitely going down compared to the last time I moved in 2014, the new place is significantly cheaper than my current apartment. In 2014 when I went to a showing, there were several other groups also there to compete against, this year I was the only one at most showings.
cerrelio 10y ago
I've seen for rent signs up for over a month in some very desirable locations. That's a change from 2 years ago when I was looking for a place. But the rents are still pretty high for new buildings. The developments opening up in SoMa on 8th street from Harrison to Brannan are asking for $3000/$4000/$5000 (studio/1bd/2bd). I wonder if they're getting that considering those are significantly above median. I want a 2bd place soon, so I'm hoping that all the young professionals who came in 5-6 years ago are lowering rents by moving to the suburbs to pump out babies.
the_watcher 10y ago
Rents are going down. I am moving this weekend, and in the 2 months I've been looking a bit, it's very, very obvious. At first, it was just that you no longer had to essentially arrive with 3 months of rent in hand and sign on the spot. Next, there was emphasis on how "this is the only property at X price" (which was false on it's face). When we finally signed, the leasing agent told us "if the price is too high, make an offer." So we came in 10% below list price and asked for a discounted first month of rent. They agreed immediately. Stories like this are common to anyone currently in the process of finding a new apartment.
- x0x0 10y ago
  sf? Which neighborhood?
  - the_watcher 10y ago
    The only ones that I encountered that weren't notably going down were Russian Hill and the Marina, but even then, the prices weren't rising, and it was far easier to find a place in the first place.

rhizome 10y ago

As a possible counterexample, in the past month I have seen street signs in my carpetbagger-friendly neighborhood for rental open-houses and "For Rent" signs on buildings, which I haven't seen since before the recession.

terinjokes 10y ago

I'm currently in the process of packing for a move on the 1st. Rents are definitely going down compared to the last time I moved in 2014, the new place is significantly cheaper than my current apartment. In 2014 when I went to a showing, there were several other groups also there to compete against, this year I was the only one at most showings.

cerrelio 10y ago

I've seen for rent signs up for over a month in some very desirable locations. That's a change from 2 years ago when I was looking for a place. But the rents are still pretty high for new buildings. The developments opening up in SoMa on 8th street from Harrison to Brannan are asking for $3000/$4000/$5000 (studio/1bd/2bd). I wonder if they're getting that considering those are significantly above median. I want a 2bd place soon, so I'm hoping that all the young professionals who came in 5-6 years ago are lowering rents by moving to the suburbs to pump out babies.

the_watcher 10y ago

Rents are going down. I am moving this weekend, and in the 2 months I've been looking a bit, it's very, very obvious. At first, it was just that you no longer had to essentially arrive with 3 months of rent in hand and sign on the spot. Next, there was emphasis on how "this is the only property at X price" (which was false on it's face). When we finally signed, the leasing agent told us "if the price is too high, make an offer." So we came in 10% below list price and asked for a discounted first month of rent. They agreed immediately. Stories like this are common to anyone currently in the process of finding a new apartment.

x0x0 10y ago
sf? Which neighborhood?
- the_watcher 10y ago
  The only ones that I encountered that weren't notably going down were Russian Hill and the Marina, but even then, the prices weren't rising, and it was far easier to find a place in the first place.