It certainly bears out here in California where every year our wage increases are immediately followed with a rent increase. I'm the person paying literally th

It certainly bears out here in California where every year our wage increases are immediately followed with a rent increase. I'm the person paying literally the cheapest apartment rent in the entire county, because of being grandfathered in due to long tenancy. $1300/mo. Everyone else in the same complex, for fewer or the same amenities, pays easily $300 more. Rent everywhere else runs about $1800 and quickly rising.