WTF is going on with rents in major cities.
It is a roller coaster. With some markets raising rents 15%,
And some dropping 20%.
San Francisco Rents in Free-Fall. New York Rents Swoon. Expensive Cities, College Towns, Cities in Texas, Other States Sag. But in 16 Cities, Rents Jump Double-Digits
by Yves Smith
@corlin NY rent doesn't make any goddamn sense. It's based on some cursed wizard math that has no relation to the cost of living or availability of jobs.
NY rent is based on picking and choosing who can live where. Entirely.
It’s oozing up, upstate too.
@Kitty62862 It's really a choice between insane rent in the city and crazy high property taxes + a mortgage in Dutchess / Westchester / Putnam (the other places I've lived in NY).
Unless you go all the way up to bumble****, the cost of housing is crazy.
@Expecting_Words @corlin
Blowing up.
You can’t get anything decent for under $1200. Which is obscene.
While they piss and cry how the city gets everything, and they’re “Left behind”
My ass