San Francisco Business Times digests the latest report from Zillow.com, which put data to the common refrain that the Bay Area is in the midst of a “rental crisis”. The report notes that rents have “galloped past” home values this April. In particular, while homebuyers spend about 15 percent of their income on house payments versus 30 percent on rent, nationally, San Francisco homebuyers spend about 39 percent to renters 45.6 percent of income on housing.
