Average Rent in San Francisco Has Dropped $1k This Year

Re:Average Rent in San Francisco Has Dropped $1k This Year by fennecfoxen on Monday December 28, 2020 @11:26AM (#25560453)

You know, it's been a while since I left Potrero Hill, but I think that I heard the feds had taken over the public housing projects on the south side (you know, back where OJ Simpson grew up) because they were basically uninhabitable. What's the status on that?

But you know, that's last generation projects. What's the status on today's "affordable housing" projects? Oh, you say it costs $750,000 in construction costs alone for an "affordable" 2BR apartment? Oh dear me, that's rather ridiculously steep, isn't it...

https://www.nytimes.com/2020/02/20/us/California-housing-cos...

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Re:Average Rent in San Francisco Has Dropped $1k This Year by natecham on Monday December 28, 2020 @01:10PM (#25561466)

I have a friend living there now so it’s still inhabited, says his place is in pretty bad shape though.

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Re:Average Rent in San Francisco Has Dropped $1k This Year by blueline on Monday December 28, 2020 @11:38AM (#25560571)

https://en.wikipedia.org/wiki/Public_housing_in_Singapore

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Re:Average Rent in San Francisco Has Dropped $1k This Year by Joeri on Monday December 28, 2020 @12:05PM (#25560859)

Singapore relies heavily on cheap foreign construction workers. In order for that model to be applied in SF would require opening the Mexican border to allow for cheap immigrant workers to come to SF. That’s not going to fly for many reasons.

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Re:Average Rent in San Francisco Has Dropped $1k This Year by hollerith on Monday December 28, 2020 @12:24PM (#25561029)

I always thought that most of the construction workers in SF are illegal immigrants from Mexico and have been for the last 30 years or more.

I always thought that there were about 8 million illegal immigrants in California, then 9/11 happened, but even after 9/11 the number never dipped below 1 or 2 million -- and if it got that low, it was only for a few years.

Also, I thought that when the numbers have gone down, from 8 million to 4 million, say, it is more because of an increase in economic opportunity in Mexico than it is because of an increase in the effectiveness of US border control.

And I thought that even with all his talk, Trump didn't improve US border control significantly.

But I don't have any direct motive to stay informed on this issue. E.g., I don't hire cheap workers. So it is possible I am misinformed.

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Re:Average Rent in San Francisco Has Dropped $1k This Year by fennecfoxen on Monday December 28, 2020 @12:20PM (#25560984)

That article puts the price of a new 5-room apartment in 2010 at $448,700 Singapore dollars (USD $337,000 at today's exchange rate). That's about 50% of the NYT's cited 2BR=USD$750k that doesn't even include the price of the land.

San Francisco as a political entity has neither the will nor the project management capacity to build anything at reasonable prices.

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