Boom 2.0: S.F. Rents Are Nation's Highest, City Population At its Highest

Rents are the highest in the country and San Francisco is at its most-crowded.

By Chris Roberts
|  Monday, Jul 2, 2012  |  Updated 5:18 PM PDT
View Comments (
)
|
Email
|
Print
Boom 2.0: S.F. Rents Are Nation's Highest, City Population At its Highest

Getty Images

Boom times are back. And bigger than ever.

San Francisco's population is at an all-time high of 812,826 -- and rents are the most expensive in the country, according to the San Francisco Chronicle.

Welcome to Technology Boom 2.0 -- bigger and more expensive than the original version.

And what is the nature of this current economic boomtime, coming when much of the rest of the country speaks still of hard times?

"The bars and restaurants are packed with people," the newspaper reported. "Millionaire baseball players and celebrity chefs - not poets or political leaders - are the toast of the city."

Homes are selling at record rates. There's a Victorian at 21st and Folsom that sold for $1.45 million, almost seven times its 1996 sale price of $202,000.

The winner is the 1903 Edwardian at 20th and Church that went on the market for $849,000 -- and sold for $1.4 million ten days later.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out