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Yes, that is absolutely true and valid. Indeed the rental push is national and a great point. That said, to compare the rental increase in Oakland, or the Bay i
by fred_durst 12y ago
Yes, that is absolutely true and valid. Indeed the rental push is national and a great point. That said, to compare the rental increase in Oakland, or the Bay in general, is a far stretch from the national average. And the reason for that is obvious to most who have lived in both situations.
- 7Figures2Commas 12y agoYou seem to be assuming that the Bay Area has experienced the greatest increase in rents. Looking at the actual numbers is more useful. Recently, Seattle has experienced the greatest percentage increase in rents[1]. San Francisco and San Jose were up there, but the recent percentage increases in the Bay Area have, for instance, been on par with the increases seen in 2012-2013 in cities like Houston, Miami, San Diego and Boston[2]. It's a tough market out there for lots of people and while it's convenient to think that the Bay Area is always special because of the tech industry, this simply isn't the case. [1] http://online.wsj.com/news/articles/SB10001424052702304887104579304830053269994 http://online.wsj.com/news/articles/SB1000142405270230488710... [2] http://realestate.msn.com/massive-rent-increases-to-continue http://realestate.msn.com/massive-rent-increases-to-continue
- fred_durst 12y agoConsidering that I currently live in Seattle, have lived in SF and Oakland recently, grew up around Boston and work with a group out of Miami, I probably have pretty good idea of how warped it is in the Bay Area. Nice charts tho.
- 7Figures2Commas 12y agoSo your personal perceptions trump hard numbers from businesses that get paid to track real estate data? Cool beans.
- fred_durst 12y agohttp://www.census.gov/housing/hvs/ http://www.census.gov/housing/hvs/ soooo many charts