That's not really how it works though. We've been renting out in a lower-cost area in CA since 2018 and in the first two years the average Zillow and Craigslist

That's not really how it works though. We've been renting out in a lower-cost area in CA since 2018 and in the first two years the average Zillow and Craigslist rental listing went from $1200 to $1800. Why? There was no visible gentrification, that neighborhood really didn't change. Most of the tenants are in construction labor and management, truck driving, nursing. etc. Their salaries surely did not go up by 50%, but the going rate for the rentals somehow did.