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The article explicitly states that they are measuring the amount people actually pay, not per unit rented. So a person renting in SF might pay less for a more e
by sidlls 9y ago
The article explicitly states that they are measuring the amount people actually pay, not per unit rented. So a person renting in SF might pay less for a more expensive unit compared to one in LA only because the person in SF is sharing rent with more people.
- arebop 9y agoAlso, 1/3 of rental housing in SF is rent controlled, meaning that rent increases are limited to a fraction of the CPI. This causes a large difference between current market rates and what established tenants pay. It explains both the low prices reported here, and some of the seeming discrepancy between wages and housing costs as reported by market sources.
- amorphid 9y agoI pay $1550 for a small studio in SF. My neighbor pays less than $300 for his apartment, which is the same size as mine. I've lived there since 2016, he has lived there since 1985-ish.