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The San Francisco Rent Explosion Ain't No Joke. It's Real Folks! 

8/13/2014

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Our friends at Priceonomics  are tracking just how hot the SF rental market is. They are calling it a rent explosion! Below are the updated averages for a 1bd in the City by the Bay, broken down by neighborhood and year-over-year. 
The Changing Landscape of the City
Long time San Francisco residents will notice something strange in the above charts: historically inexpensive neighborhoods, especially downtown and the surrounding areas, are now some of the most expensive...Over the past year, rents have continued to increase, but not uniformly. Asking rents have increased tremendously downtown, mid-market, and in the southern part of the city that offers the shortest commutes to the South Bay.

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SF Bay Area Rents Rocket WAY Past Incomes!  

7/2/2014

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Wall Street Journal says:
Rent growth exceeded 6% over the past year in San Francisco, San Jose and Seattle....But household incomes have stagnated, resulting in a financial squeeze for a growing number of renters. 
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Did Rent in Your San Francisco 'Hood Go Up or Down in 1 Year? 

3/2/2014

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Zumper crunched their numbers and found the rental increases weren't city wide since January 2013!  Marina, SOMA, Dogpatch, Bernal Heights saw highest gains. But some places went down, contrary to popular belief. 
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New Career Choice in China: Rental Boyfriends!?

2/11/2014

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I guess this happens in all cultures! 
Not only do young Chinese women have to fret about finding a home to rent, they gotta worry about finding a boyfriend to rent!  Societal & family pressure is so strong in China for women to be dating an eligible dude that females be resorting to hiring gigolos, er I mean, "rental boyfriends" to trick their family and co-workers! - especially during the Lunar New Year.  Why we gotta be so hard on women!?
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SHOCK STATS: For Each Mile Further You Go From SF, Rents Drop $17!!...The Struggle is REAL in SF! 

1/27/2014

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Modern Luxury breaks down the cheapest and priciest rents around San Francisco: "According to a simple linear regression we ran, for every mile that you move away from San Francisco, you save $17 a month on rent."
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Least Expensive
10. City: Rohnert Park
Average Rent: $1,382
Region: North Bay
Distance to SF: 48.2 miles

9. City: Concord
Average Rent: $1,375
Region: East Bay
Distance to SF: 30.8 miles

8. City: San Leandro
Average Rent: $1,305
Region: East Bay
Distance to SF: 21.3 miles

7. City: Richmond
Average Rent: $ 1,305
Region: East Bay
Distance to SF: 18.1 miles

6. City: Pittsburg
Average Rent: $1,278
Region: East Bay
Distance to SF: 40.9 miles

5. City: San Pablo
Average Rent: $ 1,266
Region: East Bay
Distance to SF: 19.9 miles

4. City: Vacaville
Average Rent: $ 1211
Region: East Bay
Distance to SF: 54.4 miles

3. City: Fairfield
Average Rent: $1,172
Region: East Bay
Distance to SF: 47.1 miles

2. City: Vallejo
Average Rent: $1,148
Region: East Bay
Distance to SF: 31.9 miles

1. City: Antioch
Average Rent: $1,120
Region: East Bay
Distance to SF: 45.3 miles

Most Expensive
10. City: Mountain View
Average Rent: $ 2,362
Region: South Bay
Distance to SF: 38.1 miles

9. City: San Mateo
Average Rent: $2,397
Region: South Bay
Distance to SF: 19.5 miles

8. City: Redwood City
Average Rent: $2,437
Region: South Bay
Distance to SF: 26.5 miles

7. City: San Bruno
Average Rent: $ 2,479
Region: South Bay
Distance to SF: 12.1 miles

6. City: Berkeley
Average Rent: $2,502
Region: East Bay
Distance to SF: 13.9 miles

5. City: Cupertino
Average Rent: $2,539
Region: South Bay
Distance to SF: 46.3 miles

4. City: Los Gatos
Average Rent: $2,540
Region: South Bay
Distance to SF: 53.9 miles

3. City: Foster City
Average Rent: $2,584
Region: South Bay
Distance to SF: 22.0 miles

2. City: Palo Alto
Average Rent: $3,013
Region: South Bay
Distance to SF: 33.7 miles

1. City: San Francisco
Average Rent: $3,056
Region: West Bay
Distance to SF: 0 miles




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Things Ain't Going Pretty for Jonathan Pretty! His Canada Landlord Cancels Lease...Because Jonathan is Gay!! That's Cold!

12/24/2013

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Housing discrimination is alive and well in Canada! This landlord showed the unit to 25 yr old Jonathan Pretty, signed the rental agreement, took the security deposit...and then rescinded 10 hours later. Why? Because he has concerns about Jonathan kissing his bf, HIV and doesn't wanna upset his wife! (that don't make no sense....but whatev)  Do you think this landlord is related to the Duck Dynasty cast!? 
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Judge Judy Slams Tenants Who Game the System for Free Rent by Filing False Reports about Landlord

11/27/2013

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In Today's Episode of Crazy Things Rich White People Do: $2M Mansion in Marin Burns to The Ground The Day of Tenant Eviction! Arson or Coincidence?!

10/24/2013

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Remember that 1990 thriller Pacific Heights, where tenant and landlord fought til the bitter end? That's basically what happened in real life, but not in Pac Heights, but in another uppity area called Marin. 

You see, a software entrepreneur was renting this $2 million dollar Tuscan McMansion for $10,000/mo.  But within 6 months, he couldn't make payments, so he offered some profit sharing with landlord in lieu of 1/2 the rent. (that sounds like a ding dong idea, but whatever). 


A nasty disagreement between the 2 launched a protracted ugly public fight (Check out all the files at Marin County. These people were out to destroy each other!). Judge sided eventually with landlord, and that's when things got suspect! The day of the tenant eviction, the house gets incinerated! Things that make you go Hmmmm!
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Rent Cindy Crawford's Malibu Pad (She's My Fav 90's Supermodel...So Down To Earth!)

8/19/2013

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Of Course I picked a pic of them at GLAAD awards!
ZillowBlog:
the Malibu home is currently for rent at $19,500 a month for September through May, and $45,000 per month for June through August. According to property records, it looks like Crawford put it up for lease in late July.
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Joanna Krupa & New Husband Romain Zago Behind on Rent! (Not Best Way To Start Married Life!)

8/18/2013

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Gossip Extra reports:
According to records, Krupa and Zago were a month late on their $15,000-a-month rent for the waterfront, $4 million-house on West San Marino Drive. The landlord, Tara Realty LLC, filed on July 30 and, within days, the rent check materialized.

 Well, the super model and hunky hubby paid up right quick. (Bethenny Frankel DID just say that 75% of the Housewives are in financial trouble!) No worries, I'm sure it'll make a great plot line for these Bravo-lebrities! And can I just say their kids are going to be perfect specimens of beauty?!  
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SF Video Flashback: 'Pushed Out For Profit' 1978 Film Depicts Battle Over Escalating Rents...Times Haven't Changed! 

8/12/2013

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Mission Local recaps the documentary: 
Imagine rents going up three, four, even seven times in a single year! This was the case for many Mission and San Francisco residents in 1978, the year before the Board of Supervisors approved rent control. Documentary film maker Charles Bolton and the production company Optic Nerve, now Ideas In Motion, caught the angst in “Pushed Out For Profit.” The film aired on KQED on Sept. 6, 1978.
Seems San Francisco has always been the battle ground for the have's and have-not's. Rising rent and real estate prices are as contentious now as they were then. Check out the cameo from Harvey Milk! Hop over to Mission Local to see 6 more quick clips.
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OHH EMM GEE! Median 2 Bedroom Rent in San Francisco Hits $4000/mo! 

6/10/2013

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Median rents for one-bedroom apartments by neighborhood in San Francisco (Zumper).
The apartment rental startup Zumper has updated its maps of the median rents for one and two bedroom apartments in San Francisco by neighborhood. It found that the median price for a one-bedroom in the city is now $2,764. The median price for a two-bedroom is $4,000.
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The median is the numerical value separating the higher half of a data set from the lower half.

In San Francisco, these rates vary substantially depending on which part of town you're looking in. Much like its notorious micro-climates, the city features micro-pockets of relatively affordable rental units.

For example, here are the three most expensive neighborhoods to rent a one-bedroom:

South Beach - $3500
Russian Hill - $3410
Financial District - $3350

And here are the three least expensive neighborhoods to rent a one-bedroom:

Outer Richmond - $1850
Outer Sunset - $1975
Inner Richmond - $2015

As for the three most expensive neighborhoods to rent a two-bedroom:

Financial District - $5800
Marina - $5450
Cow Hollow - $5400

And the three least expensive neighborhoods to rent a two-bedroom:

Outer Mission/Excelsior - $2460
Outer Sunset - $2525
Lakeshore - $2640

Zumper Co-Founder & CEO Anthemos Georgiades explained the methodology the company uses to construct these maps:

  • "We use medians for the average prices to discount outlier listings and so as to not over/understate the real prices."
  • "These May 2013 asking rents are perhaps different to what some readers may currently be paying if they rented a few years ago or if they are still paying rent- controlled prices. However, these are the current prevailing prices for available apartments on the market today."
  • "Most units on the market tend to be newer (read: non-rent controlled) developments built post-1979, since they experience more turnover. These units are often renovated with many more amenities than their rent-controlled counterparts, making them more expensive."
As for the "least expensive" neighborhoods on the list, this too is a relative matter, especially for low-income families. Earlier this year, the National Low Income Housing Coalition reported that San Francisco is thesecond least affordable rental market among all U.S.cities, after Honolulu.

The rental situation is driving some of those seeking apartments to take extreme measures to enhance their chances.

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Shocking 1 Bedroom Rents in San Francisco! (SF Natives, Shrug)

3/9/2013

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Got a tweet asking why rent is so darn much in SF?! See below. Did I miss any explanations? 

Jobs, hi-tech money, weather, culture!“@kimlaiyingling: Why is rent so much in #SanFrancisco? Yikes! ow.ly/iAY9h @huffingtonpost”

— herman chan (@hermanity) March 8, 2013
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Landlord Charged With Assault After Spanking Tenant’s Bare Buttocks For Late Rent!...Um, Sound Like HankyPanky to me!

2/22/2013

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This is some kinky *ISH if you ask me! First off, what 53yr old landlord (once named Citizen of the Year) wants to spank his tenant for being "behind" (pun intended) $2800 on rent? Hmmm, suspicious! What is weirder , according to the news report, is that the 29 yr old tenant obliges, bends over and lets the landlord spank him a few times. Is that how they do it in Ohio?! 
Local supermarket magnet, Ron Kronenberger, 53, told cops he had warned the tenant, who owed $2,800 in back rent, “If you’re going to act like a child, I’m going to treat you like one,” before he whipped  the 29-year-old man on his bare bottom four times with a belt, leaving “little marks”  on his behind,  Fox8.com is reporting.

The tenant told Waynesville Police Chief Gary Copeland that he “was scared and just wanted to get [the whipping] over with” — saying it occurred Jan. 22 during an encounter in Kronenberger’s office at his supermarket, Hometown Marketplace.

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Rent 49er Legend Joe Montana's San Francisco Condo!! 

2/1/2013

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Joe Montana was always a good lookin' dude (even with feathered 80's hair!). He is a model now for Japanese retailer Uniqlo! Anyhoo, as his old team is hitting the Superbowl Sunday,  now is as good a time as any for him to list his SF townhouse for rent. $5000/mo for a 1bd 1.5ba 2 level unit! 
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Should You Rent to Own? Herman Chan Weighs In on CNBC

1/24/2013

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I've blogged a bit about 'Rent To Own' (especially about Bravo TV Housewives Kim Zolciak & Adrienne Maloof). Glad CNBC asked me to weigh in on this phenomenon for their article Rent to Own Homes: an Option to Consider? Generally speaking, I dont' think it a great option  but sometimes it can be a last resort for certain people desperate to get into a certain area. What do you think, guys? Pros/cons?


"Renting to own is also a way to get into a desired neighborhood in a timely matter, as with parents who need to be in school district for their kids, or people who are uncertain of their timeline, according to San Francisco real estate professional Herman Chan. "It's a way to get into a house without committing to a 30 year mortgage," he said."
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Pervert Landlord?! He Spied On Tenants w/ Hidden Cameras!

10/21/2012

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San Francisco Rents Skyrocket: SoMa & PacHeights Lead the Way! (New Money v. Old Money?)

9/30/2012

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San Francisco Chronicle breaks down how insane the rental market has become in top metro areas! South of Market & Pacific Heights (new money vs old money) lead the pack!
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Most searched neighbors per Trulia.com
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NY Times Implies SF Homeowners Don't Look Out For Each Other....But SF Renters Do!!

8/18/2012

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New York Times published a totally sweet opinion piece about  SF homeowners vs SF renters. Writer Peter Orner says his neighhors, who are renters, contributed immensely to the community and how they will be sorely missed when their house is sold (gasp!) to a buyer. "I fear that the more affluent this area becomes, neighbors — people who look out for each other — will become fewer and farther between." 
But um, can't homeowners also be devoted & involved to their neighborhoods too? Gee, didn't know homeowners were such cold heartless souls!! 

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Uh-Oh! SF Rents Have Skyrocketed by $5000/yr!  

8/12/2012

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They say it's tough to be a home buyer now with a scarity of inventory, but it's just as bad for renters! Apartment List breaks it down below. Their snazzy infographic tracks rents alongside the tech IPO's.   
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(VIDEO) How To Get Approved for an Apartment

8/6/2012

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The rental market is gettin' fierce! You've practically got to beat the other applicants off with a stick! Here are some tips to elbow your way into your dream apartment 

How to Get Approved for an Apartment -- powered by ehow
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Are Homeowners More Attractive Than Renters?

7/1/2012

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Huffington Post article asks "Are Homeowners More Attractive Than Renters?" What a dumb question. Honestly, I'd rather date someone who pays rent on time & is fiscally responsible than someone who bought a house but is drowning in debt!  Living within your means is sek-si! If a renter like Ryan Gosling or home owner like Woody Allen asked you out, who would you pick? My point, exactly. 

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How Can Kim Zolciak Get Evicted, With Those Fat Bravo Checks?!

6/5/2012

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Kim & her landlord are in the midst of a twitter feud. The landlord wants Kim & her hubby out! For non-payment! Somebody is Tardy for the Rent. 

Bravo TV shells out $800k for Nene Leakes, so you know Kim is getting paid bank. After all she got her own spin off! So why can't Kim pay her rent?  Probably spent it all on those beautiful weaves! 


UPDATE: Kim says she is not getting evicted & that her Georgia mansion was a lease-to-own (where a renter has option to buy after rental period). Well, Kim decided not to buy because apparently the house appraised for $1M less than price landlord wanted...which is her right. So, the landlord went off on a twitter tirade. 

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(VIDEO) Best Ways To Rent Apartment for Cheap!

6/1/2012

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The Best Ideas for Renting Apartments Cheaply -- powered by ehow
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Would You Pay a Landlord Signing Bonus to Snag a Crappy Apt?!

5/24/2012

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Damn, we knew the rental market was hot but it's getting bonkers if it's coming down to this! Uptown Alamanac highlights this ad for a rinky dink dumpy 600 sq ft $3000/mo apartment in SF whose landlord is requesting a signing bonus!  
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