7 ms·

> The 9.2% drop in the average one-bedroom San Francisco rent of $3,360 still leaves it unaffordable for the vast majority of city residents. Yeah, that's not

> The 9.2% drop in the average one-bedroom San Francisco rent of $3,360 still leaves it unaffordable for the vast majority of city residents. Yeah, that's not much of a drop.

akhilcacharya 6y ago
For a 1-bed that's actually $500-700 cheaper than it is in my area (Kendall Sq. in Cambridge).
- teachrdan 6y ago
  But you're comparing the rent in a small part of one city to the average rent for an entire city. One could cherry pick the rent in a comparably small neighborhood in San Francisco (the Mission, the Marina) and find it even higher than in Kendall Square.
- sokoloff 6y ago
  1-beds in Kendall are $4000/mo?! That’s absolutely insane.
  - jurassic 6y ago
    $4000/mo for a 1-bed in Cambridge seems high to me, but I guess I am not surprised. Kendall is mostly new developments that I would describe as "premium mediocre"; nice, but not nearly as nice as you would expect for the money. It's also very close to a lot of offices so rich workers pay a hefty premium for that convenience. I'm paying $3200/mo for a 2-bed in Central Square (1 subway stop away, still in Cambridge) in a much older building. Moving here from the Bay Area in 2018 made that feel like a good deal, but even I'm looking for a bigger place further out right now.
- ambicapter 6y ago
  That's absurd, I'm in running distance from Kendall and my rent is <$1k.
  - akhilcacharya 6y ago
    ....how?
    - ambicapter 6y ago
      Roommates, I guess? Also, for clarity, Kendall is 1.7 mi away from me.
randyrand 6y ago
Its not unheard of to spend 50% of your post-tax income on rent in SF, so its like a ~8% pretax raise. pretty damn nice IMO!
ccktlmazeltov 6y ago
That's the average, I'm seeing 30-50% drop just by glancing on craigslist.
- bradlys 6y ago
  You’re seeing something I’m not then. I’ve kept my eyes on the peninsula market for years and there is no 30-50% drop. Most single family homes I’m looking at are experiencing no drops at all. Condos and apartments - nothing too out of the ordinary either.
  - ccktlmazeltov 6y ago
    After 5 seconds looking, this used to be 4000$ AT LEAST https://sfbay.craigslist.org/sfc/apa/d/san-francisco-bright-east-facing-1-1/7134299141.html https://sfbay.craigslist.org/sfc/apa/d/san-francisco-bright-...
    - bradlys 6y ago
      > This posting has been flagged for removal. [?] I'm presuming you're looking at spam listings and getting taken for a ride.
      - ccktlmazeltov 6y ago
        Not sure, but I found a bunch of places like this. Haven't tried to visit any. They don't look like spam to me FWIW.

> The 9.2% drop in the average one-bedroom San Francisco rent of $3,360 still leaves it unaffordable for the vast majority of city residents. Yeah, that's not much of a drop.

akhilcacharya 6y ago

For a 1-bed that's actually $500-700 cheaper than it is in my area (Kendall Sq. in Cambridge).

teachrdan 6y ago
But you're comparing the rent in a small part of one city to the average rent for an entire city. One could cherry pick the rent in a comparably small neighborhood in San Francisco (the Mission, the Marina) and find it even higher than in Kendall Square.
sokoloff 6y ago
1-beds in Kendall are $4000/mo?! That’s absolutely insane.
- jurassic 6y ago
  $4000/mo for a 1-bed in Cambridge seems high to me, but I guess I am not surprised. Kendall is mostly new developments that I would describe as "premium mediocre"; nice, but not nearly as nice as you would expect for the money. It's also very close to a lot of offices so rich workers pay a hefty premium for that convenience. I'm paying $3200/mo for a 2-bed in Central Square (1 subway stop away, still in Cambridge) in a much older building. Moving here from the Bay Area in 2018 made that feel like a good deal, but even I'm looking for a bigger place further out right now.
ambicapter 6y ago
That's absurd, I'm in running distance from Kendall and my rent is <$1k.
- akhilcacharya 6y ago
  ....how?
  - ambicapter 6y ago
    Roommates, I guess? Also, for clarity, Kendall is 1.7 mi away from me.

randyrand 6y ago

Its not unheard of to spend 50% of your post-tax income on rent in SF, so its like a ~8% pretax raise. pretty damn nice IMO!

ccktlmazeltov 6y ago

That's the average, I'm seeing 30-50% drop just by glancing on craigslist.

bradlys 6y ago
You’re seeing something I’m not then. I’ve kept my eyes on the peninsula market for years and there is no 30-50% drop. Most single family homes I’m looking at are experiencing no drops at all. Condos and apartments - nothing too out of the ordinary either.
- ccktlmazeltov 6y ago
  After 5 seconds looking, this used to be 4000$ AT LEAST https://sfbay.craigslist.org/sfc/apa/d/san-francisco-bright-east-facing-1-1/7134299141.html https://sfbay.craigslist.org/sfc/apa/d/san-francisco-bright-...
  - bradlys 6y ago
    > This posting has been flagged for removal. [?] I'm presuming you're looking at spam listings and getting taken for a ride.
    - ccktlmazeltov 6y ago
      Not sure, but I found a bunch of places like this. Haven't tried to visit any. They don't look like spam to me FWIW.