4 ms·
> Not really sure how rents are skyrocketing when every 3rd person I know in tech has been laid off in the last year. Simple: the amount of available housing r
by crooked-v 4mo ago
> Not really sure how rents are skyrocketing when every 3rd person I know in tech has been laid off in the last year.
Simple: the amount of available housing really is just that low.
- 650REDHAIR 4mo agoI don’t think it’s that simple at all. I see plenty of vacancies around me. I think we need to build higher density housing and I also think there is some amount of market manipulation happening.
- crooked-v 4mo agoIn SF, the apartment vacancy rate was approaching an absurdly low 3% earlier this year (https://www.sfgate.com/local/article/san-francisco-rent-surge-21322840.php https://www.sfgate.com/local/article/san-francisco-rent-surg...). Usual estimates put apartment vacancies at at least 5% just to accomodate people moving in and out of buildings in the first place.