Hooray we’re #1!! …highest rent in U.S.

An article published in the SF Examiner on Nov 14, 2013, declared that San Francisco has the highest median rent in the United States. That means that we’ve passed New York. Whooo hoo! Yippee! We’re number 1!

The rental market in this city has been a hot topic for the last few months and this article will only serve to fuel the despair. With all the new units going up (remember my post about cranes?), the median unit price will only keep getting higher and higher.

New numbers show San Francisco has nation’s highest rents

San Francisco’s status as a pricey place to live has been confirmed, and then some. The City has the highest median rent among the nation’s largest cities, beating New York handily, according to data from 2010 to 2012 released today by the U.S. Census Bureau.The census information comes at a time of heightened concerns in San Francisco about home prices, rental prices and the overall cost of living in The City. A survey in late September showed that 50 percent of those polled cited the affordability of living in The City as their No. 1 concern, above such things as public transportation and crime…. read more

courtesy of The Castro Biscuit

Castro Rents Matching Citywide Real Estate Explosion

…The real estate market is experiencing one of the largest booms in the modern era and rents are climbing quicker than ever. If you’re lucky enough to have a rent controlled apartment, any unit built before 1979, you’re hanging on for dear life praying the building owner doesn’t sell it out from under you… read more

courtesy of SFist.com

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