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by remote_phone
2688 days ago
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9-10 years is about right. 2005, I had a one bedroom for $1700, and in 2008 I moved into a studio on Twin Peaks for $1300/month. Both were high but still affordable. By 2011, a 2 bedroom in SOMA was $3000/month, and by 2014 it was $4500/month. This coincides with when tech companies started popping up in SF, instead of South Bay where they traditionally went to. |
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That's a 25% increase in 3 years and then another 25% increase over the next 9 years. And there was no, or at least only minor, tech company factor in NYC.