4 ms·
Just here in the Bay Area, prices have doubled while rents have gone up maybe 5% in desirable areas post pandemic and are still way down in SF. Just moved into
by nkingsy 4y ago
Just here in the Bay Area, prices have doubled while rents have gone up maybe 5% in desirable areas post pandemic and are still way down in SF.
Just moved into a bigger place with a pool for $100/m more than my last rent (Marin county).
We want to buy, but our monthly cost would literally double to own the house we are in now.
- swimfar 4y agoHouse prices may have doubled (even that sounds high), but in a lot of places condo prices are down to where they were 5 years ago, with listing prices often being reduced from the initial price. This is the opposite of what you hear about houses where they are being sold above list price. In any discussion about housing prices in the Bay Area it's important to distinguish between condos and houses. The markets are very different because lots of new condos are being built while the supply of houses is (mostly) fixed.
- nkingsy 4y agoSingle family homes in Marin, yes. Our last rental was sold in 2022 for 1.57, in 2017 in the exact same condition for 1.05m, in 2010 pre remodel .57m. Not sure about rental data but it was already crazy expensive to rent in Marin in 2014. I’ve seen no noticeable increase while prices have more than doubled.