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LOL at West Palm Beach. I remember living there right before it became unaffordable. I knew someone who had nice 2 bedroom apt across the lake from downtown. A cool $1000/month. Prices DOUBLED at the end of the year. Then I move back to Cincinnati for work, and West Palm Beach's OLD prices, are the NEW market rate for Cincinnati
...Only instead of having a view of the intracoastal waterway, we get a nice view of the Ohio River, and 4 months of real winter. Worth it, lol
I noticed that they use the overall metro area numbers and apply them to every city listed in the metro. It’s a little odd. I don’t have a huge problem with it but it’s not 100% accurate as some individual cities within a metro are going to have higher or lower rents than the metro as a whole.
Crazy though that LA metro area rents have surpassed San Jose and are quickly approaching San Francisco numbers. Even San Diego is getting quite hefty in its rents. Seems like the gap between NorCal and SoCal is quickly narrowing in terms of rental costs. Though SF rents have grown more in the past year so it may go even higher.
Boston is really shocking. Does it really have higher rents in its metro than San Francisco?
The ordering of the West Coast metros surprises me. I would have thought the intense protests, graffiti, trash, and homelessness would be slowing down Portland's growth, but it's the highest of any of them. Maybe the kinds of people who care about that tend to be homeowners.
Meanwhile, it's disappointing that Seattle is still the second-highest despite all the construction, around the new/upcoming Link stations and elsewhere. Even famously NIMBY SF has lower rent growth than we do. Though maybe the migration of tech workers out of the Bay Area (some of them to Seattle, where there's still a tech scene but for a somewhat lower price tag) is playing a role there.
Crazy though that LA metro area rents have surpassed San Jose and are quickly approaching San Francisco numbers. Even San Diego is getting quite hefty in its rents. Seems like the gap between NorCal and SoCal is quickly narrowing in terms of rental costs. Though SF rents have grown more in the past year so it may go even higher.
The problem is LA now has SF-SJ-level rental rates but nowhere near SF-SJ income levels.
Honestly the whole country looks scary if the Bay Area suddenly seems reasonably priced.
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