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Bargain Hunters Score in San Francisco as Cheaper Rents Linger
Landlords have lost pricing power in one of America’s most expensive cities.
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The crash is over in America’s hardest-hit rental market, but cheaper housing may be around for a long time to come.
After an exodus of residents during the pandemic, San Francisco is starting to see people trickle back as the economy gradually reopens. They’re moving into buildings that had lost tenants for months, pushing rents higher for the first time since the lockdowns took hold last spring.