Absolutely. It's completely worthless in it's current state. Also, the rent jungle numbers look a bit conservative for palo alto. In PA a 220 sq ft loft cost

Absolutely. It's completely worthless in it's current state. Also, the rent jungle numbers look a bit conservative for palo alto. In PA a 220 sq ft loft costs nearly 2000$/mo to rent. I think the 3900$/mo figure they have is a bit conservative for PA. Furthermore, they compared 2BD as their normalization factor, rather than $/sq foot. I would imagine the more expensive areas get less Square footage for a given 2BD apartment. And, notice how they conveniently didn't even mention any comparisons of salary to housing Buy costs.