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US inflation over that period was 35%. So that means rent increased by ~50% in 15 years, this is way less than I imagined for SF.
by Voloskaya 6y ago
US inflation over that period was 35%. So that means rent increased by ~50% in 15 years, this is way less than I imagined for SF.
- jeffbee 6y agoThat cherry-picks the top tick from the last housing price bubble. Compared to either 10 or 20 years ago, housing prices have more than doubled. https://fred.stlouisfed.org/series/SFXRSA https://fred.stlouisfed.org/series/SFXRSA
- deleted 6y ago[deleted]
- bcrosby95 6y agoYou're comparing housing prices to rents. In that bubble they disconnected. During the bubble you could rent houses and apartments for around half the monthly mortgage. My friends and I were renting a million dollar house for 2200/month.
- JMTQp8lwXL 6y agoTo be fair, we could say you 'cherry picked' by selecting the 20 year mark. It's just as cherry picked as picking the peak: it's a discrete moment in time, compared to the present, in either case.