Re:Census Bureau: 3.8M renters will likely be evicted in the...
by mlyle on Saturday September 03, 2022 @01:04PM
(#32703799)
> > Living in San Jose I have only seen my rent go down in the last couple years.
> So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down.
It may have worked for him, but rents have still increased in the South Bay over the last couple years-- just less so than the rest of the country. It's still one of the most expensive rental markets. Vacancy rates have fallen, too.
Only SF itself has lower rents than it had before COVID-19 (and fractionally so).
> So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down.
It may have worked for him, but rents have still increased in the South Bay over the last couple years-- just less so than the rest of the country. It's still one of the most expensive rental markets. Vacancy rates have fallen, too.
Only SF itself has lower rents than it had before COVID-19 (and fractionally so).