Scott Safadi of Cal Bay Property Management has been warning of a softening market and dropping rents in the Bay Area rental market. Finally, the real estate world is finally acknowledging this reality. Rents have risen over the past 5+ years due to extremely high job growth and demand for housing in our local sub-markets. It appears that the job growth has finally tapered off, which means that supply is starting to build up, causing landlords to drop rents to compete with rival properties. This is how real estate markets are intended to work. It’s how economics works on the most basis level; supply and demand. Read more about the year over year rent drop in greater San Francisco.
Scott Safadi is showcasing this kitchen and in Mountain View To show how subjective the word remodel really is.The kitchen pictured on the left was deemed “remodeled” by the previous operator of the building. It was marketed as such as well. Sure, Scott Safadi, agrees that granite countertops are nicer than formica countertops, however changing a countertop to a cheap bargain-basement granite and changing out cabinet knobs is hardly remodeling. In fact, Scott Safadi wants people to know that the granite pictured on the left is actually less expensive than formica. Therefore, rather than an upgrade, the kitchen on the left is simply one that was repaired by necessity and then misleadingly called remodeled. At Cal Bay Property Management, Scott Safadi wants people to know that we are committed to high quality construction, as well as high-quality customer service.
Let these pictures speak for themselves.