Meanwhile, in Washington DC, rents are falling because of the increase in supply, while both the population and number of jobs in increasing. DC also has a unique character that they've been able to preserve despite growth; San Francisco needs to do the same, and fast.
San Franciscans need to start pushing the city for a lot of new housing units, probably 100,000, with expedited planning, approvals, and building if they don't want to get completely priced out of the market.
More on DC:
* http://www.thedailybeast.com/articles/2013/01/11/dc-rents-ar...
* http://bigthink.com/ideafeed/falling-rents-in-dc-a-product-o...
* http://www.bloomberg.com/news/articles/2013-04-23/washington...
* http://dcinno.streetwise.co/2014/08/01/did-you-know-d-c-s-re...
* http://dc.urbanturf.com/articles/blog/dc_area_rents_drop_3_a...