Re:California Approves Statewide Rent Control
by seanmcdirmid on Wednesday September 11, 2019 @10:31PM
(#20947250)
I’ve been back in the USA for more than 3 years now and haven’t experienced this yet. I’ve lived in hot housing markets also (LA and then the Seattle area).
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Re:California Approves Statewide Rent Control
by maxsilver on Wednesday September 11, 2019 @10:37PM
(#20947296)
Seattle's rent, specifically, has risen an average of 8% year-over-year for the past 4 years now. (According to Zillow's rental data - https://www.zillow.com/downtown-seattle-seattle-wa/home-valu...).
And I strongly suspect these numbers are below real-world ones (they use Zillow-listing advertised price, which like most advertisements, are usually slightly lower than the actual price a real person would have to pay)
Re:California Approves Statewide Rent Control
by seanmcdirmid on Wednesday September 11, 2019 @10:44PM
(#20947336)
I’ve been told that supply “caught” up in 2017 when I moved into downtown Bellevue, so the market has been weak on apartments (indeed everyone was offering incentives). Anyways, as anecdotal, we aren’t paying more than 7% more for our third leasing period in 2019 as we were in our first leasing period in 2017.