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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.
I shoul add that the landlord renovated the lobby, quite nicely, after our departure, but the apartment itself still had crappy 1980s decor.
Yea, that's what I said, ouch. Apparently, the folks who moved in saw no problem with the 5K.
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.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/08/BU551OD1PL.DTL