Congrats on the move! I was struck by the similarities to DC housing supply reading this— lots of building constraints (and new dev being contained to a handful of neighborhoods), month-to-month lease protections for most renters, and rent control requirements for older buildings. But possibly the important difference keeping rent prices from ballooning out of control here is the distribution of income? Prevalence of gov and non-profits as major employers sort of inherently caps growth versus the dominance of tech in SF.
I am very optimistic. NIMBY is buckling and California state government isn't gonna take it anymore. Demand in SF is low in the face of remote work and (sadly) layoffs - I paid more for worse when I was in Berkeley, where it is inflated by the captive student population.
Congrats on the move! I was struck by the similarities to DC housing supply reading this— lots of building constraints (and new dev being contained to a handful of neighborhoods), month-to-month lease protections for most renters, and rent control requirements for older buildings. But possibly the important difference keeping rent prices from ballooning out of control here is the distribution of income? Prevalence of gov and non-profits as major employers sort of inherently caps growth versus the dominance of tech in SF.
woah, makes sense. that’s a really good point about income distribution too, definitely makes you think
I am very optimistic. NIMBY is buckling and California state government isn't gonna take it anymore. Demand in SF is low in the face of remote work and (sadly) layoffs - I paid more for worse when I was in Berkeley, where it is inflated by the captive student population.