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Depends where you are. Living in San Jose I have only seen my rent go down in the last couple years. I was on the fence about staying but the cost of living has
by birdyrooster 4y ago
Depends where you are. Living in San Jose I have only seen my rent go down in the last couple years. I was on the fence about staying but the cost of living has improved substantially and so I won’t be leaving any time soon.
- jeromegv 4y agoSo basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down. Vancouver is artificially limit housing supply through zoning (like many large cities), keeps price high and gets higher every year with increase in population.
- mlyle 4y ago> > Living in San Jose I have only seen my rent go down in the last couple years. > So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down. It may have worked for him, but rents have still increased in the South Bay over the last couple years-- just less so than the rest of the country. It's still one of the most expensive rental markets. Vacancy rates have fallen, too. Only SF itself has lower rents than it had before COVID-19 (and fractionally so).
- birdyrooster 4y agoFor context I live downtown SJC