Not in absolute terms, but it's closer when you compare housing cost vs compensation, I think.
The cost of rental housing has jumped up quite a bit recently, too. When I was looking for a place to live in 2015, I saw quite a few condos for rent right downtown for $1700-1800 a month. Now I see units in those same buildings renting for $2300 a month and up.
Still cheaper than SV, I suppose? And if you don't mind a bit of a commute, you can find more affordable accommodation.
Yup, all the new building (buildings built after 1992) weren't under rent-control. Since last year, they now are under rent-control which means landlord can only increase rent by 1.7% every year, which is why you saw that jump in rent. Not leaving my condo until i manage to buy my own place, which is going to be very difficult as well.
The cost of rental housing has jumped up quite a bit recently, too. When I was looking for a place to live in 2015, I saw quite a few condos for rent right downtown for $1700-1800 a month. Now I see units in those same buildings renting for $2300 a month and up.
Still cheaper than SV, I suppose? And if you don't mind a bit of a commute, you can find more affordable accommodation.