Re:Housing in the Bay Area
by terravion on Thursday May 26, 2016 @12:56AM
(#11775554)
But bear in mind this just brings California in line with a bunch of places that managed to build their way out of a housing crisis. $1T in war spending dumped on DC in the last decade, led to cranes everywhere, not massive rent increase.
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Uh, DC has had significant rent (and home price) increases in the past decade. Not as bad as here, but it's definitely not correct to claim that they've built their way out of a housing crisis.
In fact, when you look around, you see similar trends nationwide. A lot of this is just the predictable consequence of our near-zero interest rate policy since 2009.
https://www.washingtonpost.com/news/local/wp/2015/03/12/medi...
https://www.rentjungle.com/average-rent-in-washington-rent-t...