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fairramone | 3 years ago

In the 2000s, many younger people (sub-30s) moved to the bay area to participate in the boom.

When things went sideways, many returned to their home state and/or moved back in with their parents. The local San Francisco rental market subsequently crashed.

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dragonwriter|3 years ago

There is no time from the 2000s on where the SF rental market crashed; median rents dropped slightly after the 2008 financial crisis as they did nationally, but bounced back faster than the national trend.

fairramone|3 years ago

Ah, my recollection is definitely different. It was absolute madness for a while. You'd show up and there would be a line of 30+ people all waiting to see the same place. You'd also need to be armed with a "rental resume" along with the dreaded application fee to even be a contender.

When things burst, that all went away.

This was pretty interesting:

https://medium.com/@mccannatron/1979-to-2015-average-rent-in...