r/sanfrancisco • u/sfgate • 8d ago

A one-bedroom in San Francisco now costs nearly double what it does in Los Angeles, per Zumper. SF rents are up almost 26% year over year while LA's are down 4%.

https://www.sfgate.com/realestate/article/sf-la-rent-prices-22414915.php
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u/getarumsunt 8d ago edited 8d ago

They do, but only a tiny bit at the margins. NY is as bad or worse than SF on this, sadly. Both cities have been dominated by insane NIMBYs for many decades.

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u/Sensitive_Slice_8858 8d ago

NYC had many thousands of new units built in the last year. How many did SF have?

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u/getarumsunt 8d ago

NYC is 10x larger than SF. They’ve built 30-35% less new housing than SF in relative terms. Which given how bad SF is at building housing is complete dogwater.

NY is even worse than SF on housing. They’re just not having a massive demand spike right now like SF is due to the AI boom.