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re: San Francisco is officially the most expensive rental market in the country
Posted on 3/5/15 at 1:02 am to Street Hawk
Posted on 3/5/15 at 1:02 am to Street Hawk
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
5
Posted on 3/5/15 at 2:38 am to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
That only works for poors
Posted on 3/5/15 at 2:46 am to HailHailtoMichigan!
Not all are rent controlled.
My fiancée's friend was able to sneak herself into a rent controlled apartment; taking the place of a girl she knows. It was still pretty high but we were then told the market rate.
Pretty insane
My fiancée's friend was able to sneak herself into a rent controlled apartment; taking the place of a girl she knows. It was still pretty high but we were then told the market rate.
Pretty insane
This post was edited on 3/5/15 at 2:47 am
Posted on 3/5/15 at 5:37 am to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
Only older buildings are covered. When a rent controlled apartment opens up, it's gone literally in minutes.
Posted on 3/5/15 at 5:55 pm to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
Rent control causes prices to increase on the whole. Simple economics.
Posted on 3/5/15 at 6:28 pm to HailHailtoMichigan!
quote:
Doesn't SF have rent control? How are prices ballooning upward if there was a cap on pricing?
What they have is artificial scarcity of affordable housing due to restrictive NIMBY type of zoning regs.
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