As we reported last month, rents are flattening or decreasing in many locations across the state. In San Francisco, where Livable is based, one- and two-bedroom average rents were down a shocking 11 percent in August compared to one year ago, according to data from listing site Zumper. With over 7 million in California filing jobless claims since businesses began closing in March, many are moving in with loved ones to save money or leaving the state altogether. This trend could lead to an even bigger drop in demand in the months ahead.
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Remember Your ABCs
As we head into fall and the little ones head back to school, it’s important to point out that we grown-ups should also remember our ABCs: “Always Be Conserving”.
It’s hard to stay cool these days, literally as we head into the “dog days” of summer, and also when reading the overheated rhetoric coming from our politicians. No matter where you fall on the political spectrum, it’s clearly time for cooler heads to prevail.