patrick.net

CaptainShuddup says

Where renters have been hit hardest: Among the 25 largest housing markets in the country, the steepest rent increase was seen in San Francisco, where new renters are paying 14.7% more than they did a year ago. Meanwhile, over the same period, asking prices on homes for sale climbed a mere 2.5% in that metro area.

yes.. i read the article and it also suggests its the highest since 2001.. it fails to mention the peak in rents was actually around $4000 or so back in 2000.

Rents will fall, in part due to other factors.. no sense employing workers in BA, were rents are higher than other part of the country... so job losses as we have seen will continue.

Some of the people I know of who have been without a job for 2+ years are NOT being asked what they have been doing since being laid off for the past years. Its pretty well known its really really bad for many people out there. Higher rents will not make job expansion any better and hiring any easier...

Workers in SF do not need to live in SF. Companies choose SF because it is accessible by commuters from East Bay or South Bay (Bart/Caltrain).

Probably commercial rent will get higher. But the tech boom may be coming to an end soon.

As such still, you will find like Wells Fargo, Schwab, and many other operations outside of the Bay Area, Yes, their HQ with the BIG sign is still in SF, but fewer people..

Welcome to the telecom revolution!

SF is not exactly a great business to do business in. Other than the fact that it is attractive to workers, you have even more regulations and costs than California in general.

thomaswong.1986 says

yes.. i read the article and it also suggests its the highest since 2001.. it fails to mention the peak in rents was actually around $4000 or so back in 2000.

This is true!

My own rent is back where it was when I moved in in 1999. Rents were really high. I got a rent reduction for a few years when jobs were very scarce, but then later the landlord raised it back.

Still, I shouldn't complain. It's an overall 0% inflation rate for me over 13 years. Actually less than zero.

Depends on the neighborhood - the sharp rise in wealthy neigborhoods with little vacancy must have distorted those figures. You can still get a decent 2/3 bedroom (even a free standing house) in the sunset for rent for 2500 or below. For the same space you easily pay over a grand more in pacific heights.

This is true!

My own rent is back where it was when I moved in in 1999. Rents were really high. I got a rent reduction for a few years when jobs were very scarce, but then later the landlord raised it back.

Still, I shouldn't complain. It's an overall 0% inflation rate for me over 13 years. Actually less than zero.

crony journalism...

Rising rent with stagnant salaries can’t go up forever. Property managers and landlords require showing income 3 times rent. With current trend, soon rental housing stock becomes available only for IT engineers and policeman. Low income families will have few options; squeeze to multifamily cramped unit, beg for section 8 voucher, live under the bridge or leave the area for good. In the very end one employed IT engineer will ask other laid off engineer to mow his lawn and pay him $300 for doing so or pay $30 for basket of strawberries. In consequence employed engineer will be force to work even harder, policeman issue more tickets, because cost of living is damn expensive.

thomaswong.1986 says

crony journalism...

Why would you say that? I'm sure Patrick has better things to do than to make shit up about what he pays for rent.

In my own case, my rent is definitely the same as when I moved in in 1999. Believe it or not. It was a bit high for 1999 though.

CaptainShuddup says

HRHMedia running from post to post, not engaging in a discussion with the OP, but calling them names

I agree he's being directly insulting to many people. I will delete direct insults if you point them out to me.

ENOUGH!!!

Go to your room!

HRHMedia says

Obama is an insult to any one and every one that ever believed hard work, honesty and preference will reward the prudent.
He is the antithesis of everything that is the American democracy.

HRHMedia says

I never said this you did?

Well then learn to quote properly.
May I ask for not only my edification but for all here that believe that you have taken leave of your senses.
Just what in that statement makes you feel that is either racist or race baiting? Can I help it, you Libs just can't let a good Race argument go unwaged? That's "YOUR" hang up Pal.

Besides what are you doing out of your room, I thought I grounded you?

Still, I shouldn't complain. It's an overall 0% inflation rate for me over 13 years. Actually less than zero.

Very lucky.

My rent for a 2 bedroom 2001 in Toluca lake. $950.-

That same apartment now 2012 is rented for $1550.- I was shocked.

HRHMedia says

... you lying shit.

Comment deleted.

HRHMedia says

How dare you.

As long as I breath , never.

Stop complaining about everyone who disagrees with you.

HRH, you should not let Shuddup or any of his ilk get under your skin so much.

Yes, they are boorish purveyors of absurd FOX "news" propaganda, but it just eggs them on when you let it get to you.

Before you post a "spaz" response just consider, for a moment, their glee and the increased intensity of their game of stink-finger that would result from your response.

In my own case, my rent is definitely the same as when I moved in in 1999. Believe it or not. It was a bit high for 1999 though.

My case is similar except I am maybe a little bit higher now than in 1999. If my rent does goes up significantly then perhaps I will seriously look into buying.

leoj707 says

HRH, you should not let Shuddup or any of his ilk get under your skin so much.

Yes, they are boorish purveyors of absurd FOX "news" propaganda, but it just eggs them on when you let it get to you.

Before you post a "spaz" response just consider, for a moment, their glee and the increased intensity of their game of stink-finger that would result from your response.

I agree. When you flip out, they win and giggle.

Patrick.net is über versatile. It both educates visitors about how to not get burned by the housing market, AND how to not get burned by internet trolls!

I know the trolls & I don't acknowledge them by responding or clicking Dislike but once in a while they say something funny.

Troll = We've tried to force them to agree with us, on a bunch of times, but he still wont change his party affiliation on his Voter registration card.

You guys are classic.

Conversation = Forcing your view on the OP while disagreeing with every thing the OP says.

Open minded = Flame ignore un-ignore flame some more, rinse and repeat.

HRHMedia says

CaptainShuddup says

Can I help it, you Libs just can't let a good Race argument go unwaged? That's "YOUR" hang up Pal.

for example!

I'm not even a liberal and yet they bash me with it like it's hitlers cock

Social Media Guru Since 1999

Great, thanks for THAT mental image!

HRHMedia says

It's not one individual it's 5 or 6 extremists and and few others who chime in.

How many you are responding to is immaterial. When you loose your cool you are letting them get the better of you. It gives them more joy than a bunch of toddlers get from a Wiggles concert.

leoj707 says

When you loose your cool you are letting them get the better of you.

It's OK Leo, I frisked him at the door, he's not packing any "Cool".

He's about as Cool as a traveling Bollywood troop, sponsored by Pabst Blue Ribbon, performing at the Waffle House. The Coolest thing about him, is that Tattoo or Hitler on his cock.