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“Despite an explosion in apartment stock, Atlanta rents are increasing at a rate that puts most of the country’s rental growth to shame, analysts say.”
Its weird that people think this is good news? I guess if you own apartments it is. but still, this will probably level off fairly quickly, still way below the prices paid in more expensive cities.
San Francisco has reached a critical rent level. Apartments are giving out concessions like crazy and rental numbers have declined/stagnated. The article is sensational because it makes it sound like Atlanta is/is about to become San Francisco expensive, which, it's not.
I also think those numbers are a little suspect. Average rental numbers are all over the place depending on which site you use, and though I browse Curbed sometimes, they're in love with luxury/new development, so I don't know what all that report is and isn't counting. Matter of fact they say "intown rents" in the summary line.
San Francisco has reached a critical rent level. Apartments are giving out concessions like crazy and rental numbers have declined/stagnated. The article is sensational because it makes it sound like Atlanta is/is about to become San Francisco expensive, which, it's not.
I also think those numbers are a little suspect. Average rental numbers are all over the place depending on which site you use, and though I browse Curbed sometimes, they're in love with luxury/new development, so I don't know what all that report is and isn't counting. Matter of fact they say "intown rents" in the summary line.
Same with NYC. This past Christmas I saw concessions of $1,000 gift cards being handed to potential renters!
San Francisco is already sky high expensive. Atlanta isnt. As such, Atlanta has a lot more room to climb. San Francisco can only go so far before the bubble pops.
San Francisco is already sky high expensive. Atlanta isnt. As such, Atlanta has a lot more room to climb. San Francisco can only go so far before the bubble pops.
Agreed.
71% is still pretty high no matter what but putting it into context, Atlanta is still extremely affordable. I'd say it's pretty much one of the very few affordable large cities in the country right now which is why so many people are moving to it.
San Francisco is already sky high expensive. Atlanta isnt. As such, Atlanta has a lot more room to climb. San Francisco can only go so far before the bubble pops.
Quote:
Originally Posted by NOVA_guy
Agreed.
71% is still pretty high no matter what but putting it into context, Atlanta is still extremely affordable. I'd say it's pretty much one of the very few affordable large cities in the country right now which is why so many people are moving to it.
This.... ^^^^
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