And who pray-tell dictates market rate? The overnight IPO millionares? The 100k a year and up tech workers? The 50-60k a year workers? Service industry people? Blue collar workers? Studios are going for 2k a month in the Tenderloin… Is that market rate?
This city desperately wants to live in a bubble, the rental market is desperate, speculative, and predatory, and there’s nothing you can do about it. It doesn’t care about you.