Pretty much every apartment in SOMA is offering 4-8 weeks free right now. Many offering 1/2 month rent deposit. Also some offering 30-day money back guarantee. This is going to get interesting.pic.twitter.com/nkYaomm1D9
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And then also as @anthemos has pointed out — terrible for investment-oriented owners who bought assuming a certain rental cash flow. But family-sized homes meant as primary residences are well supported bc no ones building more of them here in the inner Bay Area anyway.
But if zoning allowed for more units and permitting wasn't a multi year slog then wouldn't that make the land prices less of an issue?
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