Re:San Francisco apartment rent prices are dropping fast
by xenihn on Wednesday July 01, 2020 @05:54PM
(#23707222)
Are you in SF?
I just left a place where the landlord wasn't able to find anyone to replace me with two months notice and a 20% reduction.
Lots of places aren't reducing the monthly rate outright, but are giving 1-2 months free. So a $3100 rate would actually be $2841 or $2583. This benefits them because it affects property valuation. There's other factors involved too, but this seems like the primary one.
I just left a place where the landlord wasn't able to find anyone to replace me with two months notice and a 20% reduction.
Lots of places aren't reducing the monthly rate outright, but are giving 1-2 months free. So a $3100 rate would actually be $2841 or $2583. This benefits them because it affects property valuation. There's other factors involved too, but this seems like the primary one.