Re:Asking rents in San Francisco continue to slip, but…
by ska on Monday April 26, 2021 @09:38PM
(#26950777)
That’s just the historical data.
Look obviously the details matter - we can cherry pick cases in either direction that “won” or “lose”.
The point is more that the sentiment in OP is common but wrong, it’s not obvious. One thing I didn’t get into is US specific but often it’s the mortgage tax credit that makes it worthwhile but again, it depends ....
If that's your investing thesis then obviously the expensive coastal metros make no sense. These prices reflect a history of excellent returns. It costs a lot more to own than to rent - people are paying to be landlords! Clearly they're doing this in the expectation that appreciation will make up for their losses.