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Comment by Splendor | Hacker News Reader

> The 9.2% drop in the average one-bedroom San Francisco rent of $3,360 still leaves it unaffordable for the vast majority of city residents.

Yeah, that's not much of a drop.

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Its not unheard of to spend 50% of your post-tax income on rent in SF, so its like a ~8% pretax raise. pretty damn nice IMO!

For a 1-bed that's actually $500-700 cheaper than it is in my area (Kendall Sq. in Cambridge).

But you're comparing the rent in a small part of one city to the average rent for an entire city. One could cherry pick the rent in a comparably small neighborhood in San Francisco (the Mission, the Marina) and find it even higher than in Kendall Square.

1-beds in Kendall are $4000/mo?! That’s absolutely insane.

$4000/mo for a 1-bed in Cambridge seems high to me, but I guess I am not surprised. Kendall is mostly new developments that I would describe as "premium mediocre"; nice, but not nearly as nice as you would expect for the money. It's also very close to a lot of offices so rich workers pay a hefty premium for that convenience.

I'm paying $3200/mo for a 2-bed in Central Square (1 subway stop away, still in Cambridge) in a much older building. Moving here from the Bay Area in 2018 made that feel like a good deal, but even I'm looking for a bigger place further out right now.

That's absurd, I'm in running distance from Kendall and my rent is <$1k.

....how?

Roommates, I guess? Also, for clarity, Kendall is 1.7 mi away from me.

That's the average, I'm seeing 30-50% drop just by glancing on craigslist.

You’re seeing something I’m not then. I’ve kept my eyes on the peninsula market for years and there is no 30-50% drop. Most single family homes I’m looking at are experiencing no drops at all. Condos and apartments - nothing too out of the ordinary either.

After 5 seconds looking, this used to be 4000$ AT LEAST https://sfbay.craigslist.org/sfc/apa/d/san-francisco-bright-...

> This posting has been flagged for removal. [?]

I'm presuming you're looking at spam listings and getting taken for a ride.

Not sure, but I found a bunch of places like this. Haven't tried to visit any. They don't look like spam to me FWIW.

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