Now presenting most expensive place to rent in the SF Bay Area. Its like $3600 a month for a 1 bedroom. But here is the catch: rents are really a lot lower but all the new construction you see is at that price or higher. The developers are well heeled and can hold out for the highest rent. All the other property owners see this and try to raise the rent that high adjusting for the age and condition of their property but there really is no market at those prices. I suspect the new landlords are trying to take over the entire market by skewing the rent prices upwards to make others raise their rents. When they can't get these rents they sell their properties for a song to a different division of the company, increasing their monopoly on rental property ultimately being able to charge whatever they want.
Counted 42 Teslas in 15 min
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What you got going on in MV?
Now presenting most expensive place to rent in the SF Bay Area. Its like $3600 a month for a 1 bedroom. But here is the catch: rents are really a lot lower but all the new construction you see is at that price or higher. The developers are well heeled and can hold out for the highest rent. All the other property owners see this and try to raise the rent that high adjusting for the age and condition of their property but there really is no market at those prices. I suspect the new landlords are trying to take over the entire market by skewing the rent prices upwards to make others raise their rents. When they can't get these rents they sell their properties for a song to a different division of the company, increasing their monopoly on rental property ultimately being able to charge whatever they want.