Rents are plunging in the most expensive U.S. markets
I know nothing about the San Francisco housing market apart from what I've heard in discussions here on HN. The received wisdom here seemed to be that powerful NIMBY lobbies in SF were preventing needed development and causing the sky-high rent. But this article is talking about an "historic construction boom".  Did something change regarding development in SF?  Or was the NIMBY effect always a bit over-stated? Anyone care to speculate?