China Overseas Chinese Network, September 24th. According to the US "World Journal" report, affected by the epidemic, many families need more space to work from home. Since 2020, housing prices in the South Bay of San Francisco, California have continued to rise.

However, also because many employees work from home, rents for rented apartments near technology companies have fallen.

A Chinese engineer said that the current rental market is 20% off compared to the same period in 2019, but the house price has risen by 10% instead. It is also very cost-effective to rent and buy.

　　Mr. Li, a Chinese engineer from South Bay, said that he used to live in two leased community apartments. The monthly rent rose from US$2,800 in 2017 to US$2,950 in 2019, but it declined in 2020.

The cheapest two-bedroom apartment has a monthly rent of only US$2,500. If you apply for an early move-in, you will also get an extra month of rent. The monthly rent is only US$2,300, which is a 30% to 20% discount compared to the highest rent in 2019.

　　Chinese engineer Mr. Chen said that in 2018 he rented an apartment in the North San Jose rental community with an area of ​​only over 80 square meters and a monthly rent of up to US$2,500.

Since the lease expires in mid-2020, he has been looking at the house since the beginning of the year, and found that in the same area he wanted to buy, the price of an ancient town house had risen from US$800,000 to US$900,000, but the rent in the rental community had fallen.

　　He believes that in the same rental community apartment, the cheapest apartment is only 2,000 US dollars a month. If you apply before the end of September, you will be free of one month’s rent. After conversion, it is equivalent to a month’s rent of only about 1,870 US dollars, which is the previous seventy-five. fold.

　　Mr. Chen said that although the rent has fallen, he found after negotiating with the leasing community that if he renewed the contract in the original apartment, he would not be able to enjoy the benefits of new tenants at all, and he had to continue to use the old rent.

You must move to another rental community and become a "new tenant" to get these benefits.

Their family also moved two blocks for this.

　　However, fortunately, there are leasing communities everywhere near technology companies, and leasing companies are also selling discounts to grab the market.

You can enjoy discounts as long as you move.

　　Originally, Mr. Chen wanted to buy a house at the beginning of the year, but missed a good time, and the price of the three-bedroom apartment he wanted to buy actually increased by 10%.

Although the loan amount paid for buying a house is about the same as the rent, there are more hidden maintenance costs and management fees for buying a house, and the property tax is paid more every year, and the payment pressure is heavier.

　　Housing agent Ms. Chen analyzed that the price of houses sold in Nanwan continued to rise because of the lack of supply and the large increase in demand. However, on the whole, the housing market slowed down again in August and September, and it may change by the end of the year. It is recommended that those who buy first homes can take advantage of the low rents now and wait for good houses to appear. (Jiang Shuohan)