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Bay Area apartment rents continue relentless rise


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2014 Jul 18, 4:24am   18,338 views  54 comments

by Carolyn C   ➕follow (0)   💰tip   ignore  

http://www.insidebayarea.com/business/ci_26152151/bay-area-apartment-rents-continue-relentless-rise

Bay Area apartment rents reached a record high in the second quarter, according to a report Tuesday, continuing a three-year run of steady increases that's setting off alarms among economists and corporate leaders. Rents averaged $2,158 a month in the nine-county Bay Area, a nearly 20 percent gain since the second quarter of 2011, and a 10.3 percent jump from the same period last year, according to Novato-based RealFacts. Rents were up 5.6 percent from the first quarter. Alameda County saw the biggest percentage gain -- up 12 percent from a year ago to an average rent of $1,928 a...

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53   hanera   2014 Aug 4, 2:40pm  

Diva24 says

cloud15 says

Bay area has a history of creating millionaires as evident from the house prices

My family has been in the Bay Area for over 100 years, this is a fairly new phenomenon.

In a discussion with a Home Inspection Company owner also from the Bay Area about 13-14 years ago, we covered the "since when can so many people afford a million dollar home" topic.

True. A 100 million millionaire can afford 100 :). As cloud15 says, only a lucky few.

54   cloud15   2014 Aug 4, 2:57pm  

Long time ago I learnt

Don't hate ,

pArticilate

:)

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