According to Apartmentlist.com, rents in the Bay Area having taken their biggest year-to-year dip over the last 27 months.
fell by 3.6%, and in Santa Clara County, 3.1%. Perry believes the small decreases may send the wrong signal to private builders.
"So, if rents are projected to go down or stay low, they simply won’t build. When they don’t build, rents will start going up again. So, this is not a solution to our housing crisis," Perry said. Perry says the rent decreases may be due to remote workers and others leaving the Bay Area for cheaper housing. He also says 20% of renters in San Jose are severely rent-burdened, meaning they use more than half of their income to pay rent.
"That’s the kind of rent that if you have one problem in your family, like an illness, or an accident, any unforeseen emergency, you can end upPerry says he supports new proposed state bills like Senate Bill 555 and Assembly Bill 309, which would make way for new state-owned housing with rents capped at 30% of people’s income. that I have read and agree
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