<story><title>Rents are plunging in the most expensive U.S. markets</title><url>http://www.businessinsider.com/us-rental-market-analysis-2016-11</url></story><parent_chain><item><author>denim_chicken</author><text>Yet $1600 is still absurdly high for such a simple living space.</text></item><item><author>refurb</author><text>A friend used to rent out a spare room in SF on a regular basis.  Two years ago, he could get $1850 for a single room with it&amp;#x27;s own bath room, furnished.  We&amp;#x27;re talking 6-10 replies from a Craiglist post within 24 hours.  Stopped renting it out about a year ago.&lt;p&gt;He just posted it again.  Zero takers at $1850.  Finally got someone for $1600 (-13% decrease in rent) after a month.  A dramatic change.&lt;p&gt;The rental market in SF is definitely turning towards the buyer.</text></item></parent_chain><comment><author>refurb</author><text>It is.  Keep in mind this was more shorter term (3-4 months) rental of a fully furnished room.&lt;p&gt;If it was a long-term lease of just an empty room it would be closer to $1300.</text></comment>
<story><title>Rents are plunging in the most expensive U.S. markets</title><url>http://www.businessinsider.com/us-rental-market-analysis-2016-11</url></story><parent_chain><item><author>denim_chicken</author><text>Yet $1600 is still absurdly high for such a simple living space.</text></item><item><author>refurb</author><text>A friend used to rent out a spare room in SF on a regular basis.  Two years ago, he could get $1850 for a single room with it&amp;#x27;s own bath room, furnished.  We&amp;#x27;re talking 6-10 replies from a Craiglist post within 24 hours.  Stopped renting it out about a year ago.&lt;p&gt;He just posted it again.  Zero takers at $1850.  Finally got someone for $1600 (-13% decrease in rent) after a month.  A dramatic change.&lt;p&gt;The rental market in SF is definitely turning towards the buyer.</text></item></parent_chain><comment><author>gcr</author><text>At least it&amp;#x27;s approaching Manhattan prices.&lt;p&gt;Let&amp;#x27;s hope it starts approaching Newport prices soon :-)</text></comment>