SF & Oakland in Top 10 Highest 2012 Rent Hikes in Nation. What?! Oakland's Increased Twice as Much as SF!
Harking back to SF Bay Guardians cover story last year, maybe it's true! CNN Money ranked the top 10 cities with the highest rent jumps. No surprise, SF made the list (duh) w/ a 5.8% bump. But not only did Oakland make it , but rate of rent increase zoomed past SF by 11.6%! Who the heck can afford SF now? Average rent for 1 bd in SoMa is $3000/mo.
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