News for hackers. Stuff that matters.

A comment on San Francisco’s rent prices have never returned to pre-2020 levels. Parent comment

Re:San Francisco’s rent prices have never returned to pre-20... by strken on Sunday December 24, 2023 @01:56AM (#38751716)
The rent is frontloaded. It averages out over the long run, but landlords charge more at the beginning of the lease to make up some of the difference caused by rent controls by the time the lease ends.
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by baby on Sunday December 24, 2023 @02:37AM (#38751897)
To me it’s more like if you have a non-rent controlled place you have to make it more attractive with lower prices, which is OK as you can just increase like hell after a year.
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by killingtime74 on Sunday December 24, 2023 @08:48AM (#38753427)
If you increase it, people can just move
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by baby on Monday December 25, 2023 @05:05PM (#38766582)
Imagine: you’re in the middle of crunch time at work, your wife is pregnant, you receive some notice that the rent is going to increase ten folds in two weeks, good luck.
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by killingtime74 on Tuesday December 26, 2023 @10:21PM (#38778738)
Imagine: you are a single techie living in SF, you get the notice and move to another apartment :D.
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by baby on Thursday December 28, 2023 @04:57AM (#38791825)
Why would you be single in sf
[ Parent | on HN ]
Re:San Francisco’s rent prices have never returned to pre-20... by gwbas1c on Tuesday December 26, 2023 @10:38PM (#38778849)
It wasn't that way when I shopped for an apartment in SF. (Summer 2008.)

The rent controlled landlords struggled, and didn't have much, or any, wiggle room for upkeep. (Just look at the Parkmerced saga. The place was a dump, but politics prevented them from fixing it.)

I moved into my rent controlled apartment because it was a good deal; the non-rent-control apartments actually cost more at the time.

[ Parent | on HN ]