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San Francisco rent prices see largest yearly drop since records kept
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Johnny
2020-10-02 20:35:31 UTC
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By Frank Miles
Published 18 hours ago

San Francisco, one of the country’s most expensive real estate markets,
had the largest drop in rents since records were kept, according to a
report.

In September, the median price of a one-bedroom was $2,830, a 20.3%
decrease from September 2019, according to Zumper.

That number is the largest drop among yearly decreases since Zumper
began tracking in 2014 as well as the first time the median price of a
one-bedroom in San Francisco was priced below $3,000.

https://www.foxbusiness.com/real-estate/this-citys-rent-prices-see-largest-yearly-drop-since-records-kept#&_intcmp=hp1r_30,hp1r

A one bedroom? No wonder California has a homeless problem.
El Castor
2020-10-02 22:43:55 UTC
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Post by Johnny
By Frank Miles
Published 18 hours ago
San Francisco, one of the country’s most expensive real estate markets,
had the largest drop in rents since records were kept, according to a
report.
In September, the median price of a one-bedroom was $2,830, a 20.3%
decrease from September 2019, according to Zumper.
That number is the largest drop among yearly decreases since Zumper
began tracking in 2014 as well as the first time the median price of a
one-bedroom in San Francisco was priced below $3,000.
https://www.foxbusiness.com/real-estate/this-citys-rent-prices-see-largest-yearly-drop-since-records-kept#&_intcmp=hp1r_30,hp1r
A one bedroom? No wonder California has a homeless problem.
Think that's bad -- try to buy something in San Francisco.
Here's a 1 Bedroom, 1 bath 883 sq ft condo ... $1,185,000.
https://www.realtor.com/realestateandhomes-detail/2200-Beach-St-Apt-303_San-Francisco_CA_94123_M18502-55560

On the other hand ... a 4 Bedroom, 2,447 sq ft house in Houston ...
$220,000
https://www.realtor.com/realestateandhomes-detail/15806-Hollytree-Dr_Houston_TX_77068_M77253-88178?cid=prt_areavibes_listings_top

People are leaving California mainly for this reason, although in some
areas crime is also a factor.

"Growing Number Of Californians Opting To Leave The State"
https://losangeles.cbslocal.com/2020/09/23/residents-moving-out-of-california-on-the-rise/

My daughter just sold her house in a suburb of San Francisco and moved
to Boise. She likes it there, although the residents of some states
are not pleased to see a California license plate. When she tells
Idahoans that she is from Northern California it helps. (-8

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