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As a sibling commenter noted, it is the other way around. Constrained supply and high demand are driving the prices. Now it is true that the one-bedroom rent i
by usaar333 15y ago
As a sibling commenter noted, it is the other way around. Constrained supply and high demand are driving the prices.
Now it is true that the one-bedroom rent increase probably is blowing away the added after-tax salary. However, if the tech worker lives with roommates (where rents hit ~$1000/month), he will take home more income in the Bay Area than elsewhere.