Wry Catcher
Diamond Member
- Banned
- #81
The city has buried the housing apartment market under a million regulations and the builders have responded by not building.
San Francisco s median rent hits a ridiculous 4 225 - On The Block
june 2 2015
We already knew the rent was too damn high, even before we published a report this February showing not only that the median for a one bedroom apartment in the city had jumped to $3,460, but that even formerly cheaper neighborhoods were now among the pricey. (To check out a map of the city’s crazy rents by ‘nabe, go here.)
Apparently though, they weren’t high enough. According to Zillow, the new median rent in San Francisco is $4,225 a month.Zillow’s data compose the “Zillow Rental Index” (ZRI). This index shows rents up 16% year-over-year (YOY) this April, and take into account all types of rentals in San Francisco proper, from single family homes to condos to in-laws.
Grandma's house in south city sold for 750k. Lived in it myself about a year taking care of her and it's...(looks around) smaller than my apartment here where I pay about $450/month.
Supply and demand is what it is. When demand is insanely high, and supply insanely small, you get insane pricing.![]()
South City and even San Bruno homes have skyrocketed. My dad has a home in Millbrae, which they bought in 1970 for $40,000, it's now worth $1.4 Million.