As a recent South Bay emigrant, I'm sympathetic to your point of view, but the current listings make it hard for me to completely buy it. Rents for low end 1 be

As a recent South Bay emigrant, I'm sympathetic to your point of view, but the current listings make it hard for me to completely buy it. Rents for low end 1 bedroom apartments in Mountain View seem to be down about 20% from a year ago. The apartment I left is still vacant a month on despite being listed much lower than what I was paying. I don't think a mere tens of thousands of new units accounts for a drop in rents that seems to be nearly unprecedented in both magnitude and geographic scope.