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It's down 16% in nominal terms. From the article: "The city’s typical rent in November 2023 was 16.4% lower than the $2,620 in November 2019."
by apsec112 3y ago
It's down 16% in nominal terms. From the article:
"The city’s typical rent in November 2023 was 16.4% lower than the $2,620 in November 2019."
- jefftk 3y agoThanks! I misunderstood the headline, and thought it was saying that despite covid rents are still higher than the pre-2020 baseline, when actually it's saying that rents are still lower (in nominal terms, and so strongly so in real terms) than the pre-2020 baseline.