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SF Rental Comprtition Fierce

By Buster   Follow   Wed, 9 May 2012, 8:18am   467 views   6 comments
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http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/08/BU551OD1PL.DTL

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1. Buster Follow Befriend (7) 22 threads 327 comments

   1   8:30am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   I posted several months back my anecdotal evidence that rents were going through the roof. Our rent dt SF was being raised from 2,800/mo to 5,000 for a 1b/1b no less. This tipped us over to the buying camp where we now pay the bank vs the landlord but enjoy triple the square footage. The tax write off washes out the real-estate taxes. With the rental market so tight I think it is only time before purchase/for sale prices also start climbing. For those still sitting on the fence perhaps something to consider. disclosure, NO I am not a realtor, land lord or in anyway connected with the real-estate profession or business.

2. Buster Follow Befriend (7) 22 threads 327 comments

   2   8:39am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   I shoul add that the landlord renovated the lobby, quite nicely, after our departure, but the apartment itself still had crappy 1980s decor.

3. Bigsby Follow Befriend 2,843 comments Monterey, CA

   3   8:42am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   $5000 for a 1b/1b? Ouch.

4. Buster Follow Befriend (7) 22 threads 327 comments

   4   9:44am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   Yea, that's what I said, ouch. Apparently, the folks who moved in saw no problem with the 5K.

5. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   5   9:48am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   Bigsby says $5000 for a 1b/1b? Ouch. The best place to live in SF,BA. :)

6. mell Follow Befriend (5) 74 threads 1,406 comments Premium

   6   9:54am Wed 9 May 2012   Share   Quote   Permalink   Like   Dislike   Protected   While rents certainly have gone up and competition has become more fierce due to people not/delaying buying and renting instead, this depends on the neighborhood. You can get a 2/3 bedroom easily around 2500 for example in the sunset. Fancy neighborhoods see those rent increases now but they will not last very long before people who actually can afford these prices have dried up.