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How much have rents surged in a year? I had a place in Sunnyvale from summer 2009 to late 2010 and was doing ~$400 for a small room. The highest rent a roommat

How much have rents surged in a year? I had a place in Sunnyvale from summer 2009 to late 2010 and was doing ~$400 for a small room. The highest rent a roommate was paying was just under $600 for the master bedroom w/ bathroom included. And this was a pretty average place overall.

lsc 15y ago
they've surged a lot; as far as I can tell, market rents have surged more than 20% but I think your 'average place' in 2010 was actually a very good deal. It's funny, I've been calling around trying to find places for my employee to live, 'cause he's kinda shy and I'm, you know, the guy who sells stuff. One of the places that was being rented by an owner said they actually lowered the price because the economy was so bad. Which is funny, 'cause all the professionally managed places are jacking up rent a lot. (this place, actually, was a lot like you describe. Big, private room, private bathroom, about $600/month. I mean, these places exist, but that is decidedly below market.) So yeah, you can find below-market deals. Your place last year was one, unless it was exceptionally tiny. in 2006-2007 I was writing the book of xen; I rented a 2/1 in santa clara (Right on the border of sunnyvale) for the two of us right next to the Lawrence caltrain. By Sunnyvale standards, that's a bad negborhood. And the apartment was pretty shitty. $1250 for the whole thing, and we actually had the cops come by our place looking for the previous tenants. We saw the cops going after several neighbors, too. I mean, I didn't feel unsafe or anything; it's not an area where the cops automatically assume everyone is poor or criminal, but it was definitely not a good area. It's possible that I've gotten exceptionally shitty deals, but from what I've seen, $400/month was way below market (though, not unobtainable; just way below the average price) for a room in Sunnyvale anytime in the last five years.

lsc 15y ago

they've surged a lot; as far as I can tell, market rents have surged more than 20% but I think your 'average place' in 2010 was actually a very good deal. It's funny, I've been calling around trying to find places for my employee to live, 'cause he's kinda shy and I'm, you know, the guy who sells stuff. One of the places that was being rented by an owner said they actually lowered the price because the economy was so bad. Which is funny, 'cause all the professionally managed places are jacking up rent a lot. (this place, actually, was a lot like you describe. Big, private room, private bathroom, about $600/month. I mean, these places exist, but that is decidedly below market.) So yeah, you can find below-market deals. Your place last year was one, unless it was exceptionally tiny. in 2006-2007 I was writing the book of xen; I rented a 2/1 in santa clara (Right on the border of sunnyvale) for the two of us right next to the Lawrence caltrain. By Sunnyvale standards, that's a bad negborhood. And the apartment was pretty shitty. $1250 for the whole thing, and we actually had the cops come by our place looking for the previous tenants. We saw the cops going after several neighbors, too. I mean, I didn't feel unsafe or anything; it's not an area where the cops automatically assume everyone is poor or criminal, but it was definitely not a good area. It's possible that I've gotten exceptionally shitty deals, but from what I've seen, $400/month was way below market (though, not unobtainable; just way below the average price) for a room in Sunnyvale anytime in the last five years.