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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