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San Francisco Rental Rates Outpace Salaries

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Here's a shocker— Bay Area rental prices, including San Francisco's (natch), have officially outpaced earnings: In order to afford a two-bedroom apartment in the city, workers reportedly must earn at least $30 an hour. (This figure sounds low to us. You?) Ever-increasing rental prices are blamed on the mortgage crisis, as landlords fleece those desperate to rent following foreclosures. Great. [Redfin]