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Old 04-02-2018, 12:31 PM
 
Location: Brooklyn the best borough in NYC!
1,991 posts, read 865,245 times
Reputation: 1106

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https://atlanta.curbed.com/2018/4/2/...gs-prices-jump

“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.”
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Old 04-02-2018, 01:08 PM
 
Location: Clemson, SC by way of Tyler,TX
4,853 posts, read 2,980,597 times
Reputation: 3399
Damn right ATL in the house!!
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Old 04-02-2018, 01:13 PM
_OT
 
Location: Miami
2,144 posts, read 1,519,895 times
Reputation: 1848
That’s not good for Atlanta.

I could see why NYC’s of San Fran’s rent is high, but Atlanta? Come on
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Old 04-02-2018, 01:44 PM
 
2,164 posts, read 1,461,720 times
Reputation: 2167
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.
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Old 04-02-2018, 01:47 PM
 
Location: Northeast states
10,674 posts, read 8,188,030 times
Reputation: 2898
Atlanta is becoming another hotspot like Flordia
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Old 04-02-2018, 01:57 PM
 
Location: 352
5,122 posts, read 3,881,806 times
Reputation: 3491
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.
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Old 04-02-2018, 02:20 PM
 
Location: Brooklyn the best borough in NYC!
1,991 posts, read 865,245 times
Reputation: 1106
Quote:
Originally Posted by Jandrew5 View Post
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!
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Old 04-02-2018, 02:20 PM
 
Location: Willowbend/Houston
13,403 posts, read 21,192,209 times
Reputation: 10280
This has to be put in perspective.

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.
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Old 04-02-2018, 02:22 PM
 
1,702 posts, read 1,364,811 times
Reputation: 1743
Quote:
Originally Posted by Cowboys fan in Houston View Post
This has to be put in perspective.

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.
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Old 04-02-2018, 02:34 PM
 
21,188 posts, read 30,359,201 times
Reputation: 19627
Quote:
Originally Posted by Cowboys fan in Houston View Post
This has to be put in perspective.

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 View Post
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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