Re:Employment, construction, and the cost of San Francisco a...
by rconti on Monday May 16, 2016 @06:40PM
(#11710205)
To no one in particular, from TFA, w/r/t "luxury" housing:
"Surprisingly, given the anxiety over "luxury" apartments vs regular, non-luxurious ones, there does not appear to be any segmentation in the rental market in any year, even by unit size. In every year with more than a handful of listings, the total pool of prices is a smooth curve (except for the occasional taboo price: landlords were strangely reluctant to offer apartments for exactly $105), approximately lognormally distributed. The 95th percentile apartment always rents for about 2.2 times the price of the median apartment, and the 5th percentile apartment for about 1/2.2 of the price of the median apartment, but see below about variability in this.
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"Surprisingly, given the anxiety over "luxury" apartments vs regular, non-luxurious ones, there does not appear to be any segmentation in the rental market in any year, even by unit size. In every year with more than a handful of listings, the total pool of prices is a smooth curve (except for the occasional taboo price: landlords were strangely reluctant to offer apartments for exactly $105), approximately lognormally distributed. The 95th percentile apartment always rents for about 2.2 times the price of the median apartment, and the 5th percentile apartment for about 1/2.2 of the price of the median apartment, but see below about variability in this. "