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San Francisco rent rate of increase highest in 36 years
It is interesting to consider the rate of rent change as an indicator of inflation or appreciation if you are a MF investor. Looking at the rate change in SF, the last couple of years has been growing at an insane rate. Rents are going up 10-15% annually for the last 3 years. How much longer can it hold before it corrects? Hard to say. It is definitely driving a demographic change to the community. Will it correct below 0% (will rents actually drop), they haven't in 36 years, but it might
Source: https://medium.com/@mccannatron/1979-to-2015-average-rent-in-san-francisco-33aaea22de0e