3 ms·
Although I might benefit from this, but I have to point out that this is supposed to be the intern season, and there were always a surge in rent during this sea
by tanilama 6y ago
Although I might benefit from this, but I have to point out that this is supposed to be the intern season, and there were always a surge in rent during this season in the past.
That is not happening this year. So comparing to last year, you are seeing a larger drop, but it will left to be seen whether the scale of this drop is temporary or long-term.
That said, the Bay Area landlords have benefited from the bloom for a decade, they are losing anything significantly, not yet.
- mistrial9 6y agoBay Area and indeed, California landlords have increased rent at every opportunity for more than thirty years; multiple studies show that rent in the 1970s was more like ten percent of a working income, that has changed to thirty percent+ across the entire State of California (on the other hand, San Francisco itself has always been pricey, at every stage for a hundred+ years). Isnt it somthing that the last thirty years is exactly when millions of US adults had turned thirty+. The cost structure of a young adult in the last thirty years has been nothing like the previous thirty. Building new housing (and rental units) has been substantially restricted across generations in California, but it got particularly noxious with the six-figure twenty somethings taking the rentals, while the other ninety-eight percent of the population just ate the cost increases at every turn. These are economic facts and are documented extensively at the Terner Center at UC Berkeley among other places.