Like Oggi mentioned, there is rent-control in SF, but there is rent-control is Oakland and Berkeley as well- and Berkeley has one of the higher rental prices in the East Bay. I don't think the rent-control has a big effect on the price to rent ratio, unless the tenants have been there for decades- then it would definitely affect it- due to the minimal increase allowed year over year, currently 1.9% for SF. Just look at the numbers below-
Here are few interesting articles regarding the competitive rental market in SF:
SF- 3rd Biggest Rent Increase Year over Year- 11.1%
SF- Highest Rents in the Country- $1905/month for 2 Bedroom
Fierce Rental Competition in SF- actually stumps the above two sites stating that rents are actually up 15.6% with an average rental price of $2663 for all size units
So in my opinion, it has nothing to do with 'low' rent, but everything to do with the high home prices.
Also, these articles and more and be found on my Facebook page: https://www.facebook.com/DavidCetinaRE
If you have any other questions, please feel free to ask!
Buyerâ€™s Specialist | DRE# 01887446
Better Homes and Gardens Real Estate
2095 Rose St, Ste 100 | Berkeley, CA 94709
[t] 510.517.7238 | [f] 510.780.2110
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
It would also depend on what parts of the East Bay they are including or excluding. So cite your source, please.