4 ms·

I think you’re drawing conclusions that might not be warranted by this data. The rent survey is fundamentally different because it’s rents reported by large apa

I think you’re drawing conclusions that might not be warranted by this data. The rent survey is fundamentally different because it’s rents reported by large apartment management firms, not all private leases. We don’t really know what’s going on in the rent-a-house market. On the sales side the data is all recorded sales, which are public records.

usaar333 9y ago
Which rent survey are you referencing? I'm going off https://www.zillow.com/santa-clara-county-ca/home-values/ https://www.zillow.com/santa-clara-county-ca/home-values/ which AFAIK uses all rent postings. FWIW, there's also intuition backing this. e.g. go to zillow and click on units for rent in Cupertino. And be shocked that their estimated purchase prices are ~40x yearly rent. (It's difficult for me to see how that just isn't irrational pricing)