According to Zumper, rental prices in San Francisco have returned to their 2014 rates. In 2012, the tenancy prices in our gorgeous city started to rocket as the tech industry flooded in droves, resulting in thousands of existing tenants to be illegally evicted. So today, in 2020 due to Covid-19 and the tenancy exodus to cheaper abodes, more reasonable rental rates are starting to rear their head once again. What a relief!
What transpires from reduced and less excessive home prices, comes diversity of unique individuals that once adorned the the city by the bay. San Francisco is screaming for this long lost diversity.
Many of us have sat in despair watching hoodies invade our city, outrageously priced gentrified restaurants pop up, 50,000 more cars on the street due to peer-to-peer ride sharing rocketing pedestrian accidents & deaths three times more than any other city in the USA, and traditional craftsman homes being ripped apart and 'modernized.' We crave to see people once again in rainbow pajamas and tiaras walking around the park, just singing along and minding their own business. We want to see more skateboards, roller blades, bicycles blowing liquid bubbles out a tube so kids can pop them as they fly by. That's what San Francisco is about. The color, the originality, the 'you never know who's in costume or if that's how they really dress' curiosity.
So many have suffered from Covid-19 yet good must always come from bad. San Francisco's past decade homeless crisis has been one of the top three worst in our nation, a result of the tech influx. With property prices dropping like flies, more people can afford to live here. More people can afford to enjoy our city that offers cheap and authentic street burritos, a million and one free events that keep us all entertained and thankfully, return to San Francisco once again.
With the recent news (which we published last week) of Proposition C that taxes the wealthiest of wealthy, in order to support the homeless, and even more recent alerts about San Francisco's leaders turning discarded hotels into homes for the poverty, the tables are rapidly turning whereby the ones with little cash in their bank account are winning.
SF CARES has advocated for the needy for well over three decades, and we're ecstatic that the ones that need the most support, are receiving it. We're delighted that our city is now becoming more affordable again so diversity can leap in abundance. And we're elated that the poverty and hard workers that live month to month will soon see their suffering as a problem of the past. The Mission district will once again sport phenomenal artwork on street walls, there will be no more construction of expensive condos and our homeless numbers will finally start to dip downwards.
So for the ones that left their heart in San Francisco when 7 miles x 7 miles outpriced them, we welcome your return with open arms.
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