What’s Gonna Happen to Bay Area Housing?https://link.medium.com/tel8cKNT1W
I’m told that after the dotcom crash 1BRs that used to rent for over $2K started renting for $1300 or so.
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I saw a 3BR in North Beach advertised for 3500 in 2009. Who knows. But if anything, it seems like the forces to drive things up are even more entrenched.
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My 1BR in Palo Alto was $1300 or so in 2010. I think it would have been $2k in the dotcom boom, but not sure. Anyway, I’m disappointed by SB50 too, but I’m more optimistic going forward, because it polls so well. Popular will typically isn’t suppressed for long in a democracy.
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