Monday, 4 November 2019

Apple earmarks $2.5 billion to help with crazy San Francisco rents

In case you haven't heard, California is burning. No, not the , the housing crisis! About 10,000 people a month vote with their feet, and emigrate from the city of San Francisco, while those that actually own their houses are at a seven-year low percentage.

If you are wondering why, we'd just direct you to a few stats. The median price for a single-family home or condo in San Francisco has hit $1.4 million while if you want to buy something larger you'd have to shell out as much as for a castle in Italy or a Mexican island.

As for the rental market, ...

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