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The price of rent shows its desirability. Lots and lots of people want to live there, but that doesn't mean they can, or that it's the best fit for their other
by 8note 4y ago
The price of rent shows its desirability. Lots and lots of people want to live there, but that doesn't mean they can, or that it's the best fit for their other requirements.
- ulfw 4y agoNo it really doesn't. It's a supply/demand thing. A ton of jobs bring people into San Francisco, a lot of people coming into SF (with housing supply roughly steady) let to ever increasing prices. Simple as that. That's the majority of why people come to SF. It's not the 1960s anymore as people fled to SF because of flower power, hippies or the gay movement. Sadly it's become a very different town. As soon as jobs didn't require people to live in SF (thanks to Covid induced remote work) people moved out. Not everyone! Of course. But more people moved out than moved in, showing that the desirability of SF isn't as strong as you think it is.