Let's not forget: AirBnB isn't helping either. No, not the AirBnB employees; but the loads of people renting out their spare rooms, when earlier they would have taken in a roommate. I just checked, and 2300 listings came up for San Francisco.
Plus, SF Tenants Union is very powerful. Once you are a renter, you can basically do anything and the landlord can't kick you out. Consider this example from today's paper: http://www.sfgate.com/bayarea/article/Landlord-nightmare-in-... . As a result, some people are leery of renting.
In other words: while the demand has gone up, the supply seems to have come down.
Once you are a renter, you can basically do anything and the landlord can't kick you out.
People seem to think that this is entirely independent from the evil tech firm seducing naive owners into believing 40% utilization of a room non-regulated beats 90% utilization regulated.
Plus, SF Tenants Union is very powerful. Once you are a renter, you can basically do anything and the landlord can't kick you out. Consider this example from today's paper: http://www.sfgate.com/bayarea/article/Landlord-nightmare-in-... . As a result, some people are leery of renting.
In other words: while the demand has gone up, the supply seems to have come down.