As someone who still enjoys SF and wants to keep living here, I read this as great news since I expected rents to decrease by a similar amount.

But I just checked my apartment's website and it seems like if anything the rents have slightly increased compared to the price I renewed at last year!? Obviously this is a sample size of 1 and doesn't reflect the overall market.

Curious if anyone else has real data on rent price trends. Is it just my apartment or is this a case of the market staying irrational for longer than I'd have hoped?

EDIT: data was provided in another thread: https://news.ycombinator.com/item?id=31533492