Re:California Approves Statewide Rent Control
by refurb on Thursday September 12, 2019 @12:56AM
(#20948134)
Yeah, but 2% to 7% vacancy rate can mean the difference between rents that are $2000 per month and rents that are $4000 per month.
Re:California Approves Statewide Rent Control
by ryan_lane on Thursday September 12, 2019 @11:33AM
(#20952638)
SF added 2,000 jobs in 2019 alone. If those were put on the market even in a huge lump sum, there's no way it would cut rent prices in half. Maybe it would keep the prices from rising for a year or so?
Even if that was added to the vacancy rate, that would still leave SF with around the national average (~7%) vacancy rate, and that's without counting the off-the-market housing anywhere else in the average (and not double counting actual on-the-market vacancies everywhere else, either.) Anyway you cut it, SF has a low vacancy rate/rate of empty homes.