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House 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
by segmondy 8y ago
House 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.