Despite popular belief, rent is set by the renters - not greedy landlords (they wish they could but it can't go higher than someone wants to pay.) So now you h

Despite popular belief, rent is set by the renters - not greedy landlords (they wish they could but it can't go higher than someone wants to pay.) So now you have people who are no longer compelled to live in SF by high pay, and SF itself has deteriorated in quality of life due to political decisions. Compared to a "nice place where I have to be", a "crappy place I don't have to be" isn't going to have folks paying the same rent, because they're moving out. I don't quite understand why this isn't manifesting in NYC yet, but it must happen at some point.