Rents dropping in SF????
I was doing rent vs own calculations this morning and as part of my research I noticed that rents seem to have come down significantly (on Craigslist) since last summer. There are plenty of places that are wildly priced but a significant increase in the number of units that are bring priced well below the carrying cost on a comparable unit. Anyone else seeing this trend? Edit: only looking at 1 and 2 BR condos. Sample of one of dozens. https://sfbay.craigslist.org/sfc/sub/d/distinguished-living-in/6594706864.html
$2.5k in financial district, smells like scam.
Stay away from anything on FiDi less than 3.5-4K for 1 bedroom.
Includes parking and w/d. Can’t be real.
That’s one of many.
These are the fraud postings! Show interest and next email you will get is that they are out of town taking care of dying mom and need you to send deposit in advance..
Hope so, going to catfish these folks.
Fake
I’ll test it out. Thanks for the tip n
How about this unit on padmapper? Fake? Would hope there’s a decent level of due diligence on the site. https://www.padmapper.com/apartments/b-p261861/1-beds/under-2500?property-categories=apartment&bathrooms=1&lease-term=long&box=-122.52134,37.74534,-122.3926,37.89531
Seems legit.
Craigslist is full of fake ads. Don't use that as a benchmark.
Hard to find rental data, but rents are down in NYC yoy
Just rented one of my places last month for more than last year and had lots of interest at the open house. Just one data point of course but seems hot as ever.
In sf proper or outside. Rents are still sky high in the peninsula. I’m only researching those two areas since that’s where I’d like to stay. Not sure about other parts of the bay.
SF proper.