Re:A $300k Salary Feels Like $100k in the Priciest US Cities
by dualityoftapirs on Saturday April 22, 2023 @07:13AM
(#35665342)
Correct, but the "more than 60%" is including all forms of rent control. My main point is someone can be paying $3500 a month for a one bedroom apartment and it be considered a rent controlled unit.
Edit - put another way, there's a sort of implication that if a unit is "rent controlled" then it is cheap, and this is not necessarily the case in the SF rental market.
Re:A $300k Salary Feels Like $100k in the Priciest US Cities
by iancmceachern on Tuesday April 25, 2023 @12:16AM
(#35696435)
True, and that same apartment would be $4500 without rent control
In SF the rent controlled properties, both for rent and for sale (yes you can buy super affordable apartments in SF if you don't exceed certain income) folks just have to make less than a certain amount a year. The income tiers are listed here, and are higher than I expect some would expect. https://sf.gov/reports/may-2022/income-and-rent-limits-inclu...
There is also a citywide rent increase cap of 3.6% currently (its calculated based off inflation and other factors) on any and all rental units, regardless of income or rent control status : https://sf.gov/information/learn-about-rent-increases#:~:tex....