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Do you think they are going up faster than rents in SF have?
by Jweb_Guru 7y ago
Do you think they are going up faster than rents in SF have?
- tathougies 7y agoPerhaps... I don't know. Thats why I asked.
- Jweb_Guru 7y agoNo. They haven't.
- tathougies 7y agoAccording to https://www.sfchronicle.com/business/article/San-Francisco-passes-New-York-to-become-world-s-13760541.php https://www.sfchronicle.com/business/article/San-Francisco-p..., construction costs in SF rose 5% last year (2018). Also according to the SF chronicle (https://www.sfchronicle.com/business/networth/article/After-lull-Bay-Area-rents-are-rising-again-but-13528213.php https://www.sfchronicle.com/business/networth/article/After-...), rents increased 3.7% year over year. According to https://www.curbed.com/2018/12/17/18144657/construction-homebuilding-housing-costs-renovation-labor https://www.curbed.com/2018/12/17/18144657/construction-home..., San Francisco's high construction cost is mainly driven by the high cost of construction labor. It is disproportionately driven by labor cost when compared to all other cities. So we have some data now, rather than just pithy statements, and I don't think it agrees with what you want.