After years of painful increases, the cost of renting an apartment in most Bay Area cities has hit a plateau.
In San Francisco, the median cost of a 2-bedroom apartment was $4,550 in mid-December — still an inconceivable sum for most wage earners, yet down 2.5 percent from a year earlier. Likewise, the San Jose median of $2,550 was down 0.7 percent.
The Oakland median of $2,500, however, was up a modest 0.8 percent.
There were a few exceptions to the general trend, especially in a handful of East Bay markets where renters have flocked in search of something affordable. The result: The new competition has driven up rents by 8.1 percent year-over-year in Pleasanton, where the median 2-bedroom was $2,770, and by 6.8 percent in Concord, where the median was $1,900.
The median 2-bedroom unit went for $3,600 in Palo Alto, down 2.0 percent; for $3,440 in Redwood City, down 4.8 percent; for $3,040 in Daly City, up 1.7 percent; for $2,750 in Santa Clara, down 1.1 percent; for $2,390 in Fremont, down 0.5 percent; and for $2,300 in Campbell-Saratoga, down 1.4 percent.
I think the income-to-rent ratio is the highest in Sacramento. I often wonder why more people don’t move there. Quality of life is pretty awesome in Sac. It has pretty good diversity there so the food scene should not be a problem. Schools are good in areas like Elk Grove, Folsom, Roseville and Granite Bay.
Come on, get real. Sac sucks. If it were actually that great, people would have discovered it eons ago. There is a real reason why Sac home prices are only now going up and it is all due to other areas being too expensive. They aren’t going up on a stand-alone basis…
Again, there are plenty of good places to eat in SF. That is fact. I see plenty of very full restaurants and even waiting lines here. Yes, I would agree that perhaps the standard traditional Chinese cuisine that you prefer may have become more of a dinosaur in the Fab 7x7. We seem to have evolved to places with hot pot, soup noodles, ramen, dumplings and yes chicken wings. All still good.
Well, a lot of people are in general moving towards lighter eating, hence the popularity of ramen shops or dumpling places. From what I can tell, a lot of the Yelpers are Asian American and female and they do rate every possible eatery including chinese restaurants. Here is some proof: