I tend to think that the housing is presently at a local maxima. There are at least four large highrise apartment complexes going in SOMA right now, along with

I tend to think that the housing is presently at a local maxima. There are at least four large highrise apartment complexes going in SOMA right now, along with a good size complex on Guerrero and Market St. Additionally, America's Cup is currently in progress, which is completely eating up short-term supply in the northeast corner of the city. By the end of the year, the new apartment complexes will be online, and all of the short-term rentals for America's Cup will be put back on the long-term rental market. Edit: "More than 4,220 units of housing began construction in San Francisco in 2012 — following a year in which just 269 net units were added." -- http://www.spur.org/publications/library/article/san-francisco-boom-back http://www.spur.org/publications/library/article/san-francis...