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by xenihn 1882 days ago
From what I've seen of SF rentals and landlords, that's potentially the most money he had spent on maintenance & renovations in a decade, while collecting some of the most profitable rent in the country.
1 comments

With a price to rent ratio of 53, San Francisco has the least profitable rent in the country.

https://smartasset.com/mortgage/price-to-rent-ratio-50-large...

Yes, if you bought today. What's the point of your post?
It makes intuitive sense for San Francisco to be "the most profitable rent in the country" as you claimed, but the surprising and counterintuitive truth is that it's the opposite.
Are you claiming that landlords who purchased property in SF 15+ years ago aren't making extremely high profits off rent?
The point is they could make even more by selling and using the money to buy in places with higher rent/buy ratio.

They've made more money from appreciation than from rising rents.

Can you please link me a list of cities with a better buy:rent ratio when comparing 2008-2011 SF to 2021 SF? Assuming you were to buy and rent now, since that's the conversation we're having. I have some friends who would be really interested. I just tried to find some on my own, and I could not.