Over the last decade the number of US families (parents with children) owning homes decreased by 3.6 million. In the Bay Area (including San Francisco) the number dropped by 10 percent or 31,000. Meanwhile, the number of families renting increased by 57,000 or 33 percent.
The reasons behind this trend are simple: between 2006 and 2016 Bay Area rents increased by 39 percent while home prices increased by 80 percent.
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