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Every time I read these articles, I'm optimistic this might mean rents are going down, but they always have an asterisk: "Well, except the bay area." Which is u
by jldugger 8y ago
Every time I read these articles, I'm optimistic this might mean rents are going down, but they always have an asterisk: "Well, except the bay area." Which is understandable -- with 20 cities in the Case Shiller index, one bucking the trend does not negate the trend. But alas, I don't get to live in an index of 20 cities.
And it should be noted, this article is from February 2018.
- segmondy 8y agoHouse prices have fallen in the Bay Area, I've been keeping an eye on it. If it falls well enough I will move there. The reason no one wants to reduce rent in the Bay is because of rent control. I saw some multi units for sale, folks were stuck renting out 2 bedrooms for less than $1,000/month.
- jldugger 8y ago> House prices have fallen in the Bay Area, I've been keeping an eye on it. https://fred.stlouisfed.org/series/SFXRSA https://fred.stlouisfed.org/series/SFXRSA is bit lagged (most recent data is july) but doesn't seem down? > The reason no one wants to reduce rent in the Bay is because of rent control. Is rent control common in the south bay? AFAICT, there's only Mountain View which passed by ballot initiative in 2016.