We knew San Francisco was an expensive city, but guess what? Rents just hit another record high.

Plus, Kevin Durant is going where he may feel more appreciated; The RealReal crushed its Wall Street debut; and more local headlines you might have missed while you were partying it up for the Fourth.

Kevin Durant reportedly left the Warriors partially because of fans not 'appreciating' him, SFGate

It seems Durant is tired of playing in the giant shadow of Stephen Curry. Maybe he'll be a bigger fish in Brooklyn. Read more.

Minimum wages going up in seven Bay Area cities, The Mercury News

Workers in Fremont and Alameda will see the largest pay raise, from $12 to $13.50 an hour, while San Francisco and Berkeley, where the minimum wage is already $15 an hour, will get raises of just 59 cents. Read more.

Increase in San Francisco Rent Costs Hit Record High, NBC

Meanwhile, rents in Oakland are dropping. Ready to move yet? Read more.

The RealReal surges in IPO on Nasdaq, marking e-commerce comeback for CEO, San Francisco Chronicle

A celebration was in order last Friday as the San Francisco–based online luxury e-commerce company The RealReal closed its Nasdaq debut at $28.90 per share, valuing the company at $2.4 billion. Read more.

New California Laws Set To Take Effect July 1st, KQED

Here are six new laws to learn about this month, including a ban on natural hair discrimination in the workplace and better treatment for unaccompanied minors with mental health disabilities in immigration facilities. Read more.