San Francisco 1-bedroom rental prices plummeted nearly 12% in June - Business Insider

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One-bedroom rent prices in San Francisco plummeted last month, and it points to a trend the coronavirus pandemic only accelerated

found that for the month of June, the median rent for a one-bedroom apartment in San Francisco fell to $3,280 a month, an 11.8% decline year-over-year, which marks the largest year-over-year drop Zumper has ever recorded for the city, and the largest local drop in the nation. In addition, the median rent for a two-bedroom apartment in the city saw a year-over-year decline of 9.6%.

While San Francisco saw the biggest year-over-year decrease, it is still the most expensive rental market in the US, with the typical one bedroom apartment costing $3,280, according to Zumper. However, the city, along with the other top 10 most expensive markets in the country, are experiencing what Zumper refers to as the "Brooklyn Effect" — a shift in demand from traditionally expensive markets to less expensive markets.

The report points out that while Boston and San Francisco both saw price decreases, two less populous and less expensive markets, Providence and Sacramento, both saw prices increase about 5%. The 'Brooklyn Effect' described by Zumper points to a trend that has been accelerated by the coronavirus pandemic

 

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still an overpriced hellhole.

Those gougers are getting cosmic karma. Prayer warriors our prayers are working. Keep on praying

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San Francisco apartment rent prices are dropping fast as tech companies embrace remote work and unemployment risesAccording to Zumper, the median rental price for a one-bedroom apartment in San Francisco fell 11.8% year over year, from $3,720 to $3,280, beating May's 9% drop Zumper If they drop low enough, it might solve their homeless issue. Two birds. it was a bubble, yet I am wondering if the slump will continue if/when there is a viable vaccine * * Google or lookup R NAUGHT IF Ya happen 2 be worried about COVID19 It's 10 FOR COVID19
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