Looks like the SF Chronicle just discovered that the rental market is as hot in the Valley as it is in The City. Use this open thread to mock their amazing discovery.
San Francisco and Manhattan are famously unaffordable cities to rent in– not that such information discourages people from renting in either location. High demand, of course, is part of the sky high prices.
But according to a new study by Apartment List.com, Peninsula rents are quickly rising to rival those of San Francisco proper. Over both 12-month and 18-month periods in the area as a whole, rents have risen an average of 10% and 18%, respectively. Here’s a run down of their data, showing rent changes for different sized units. (UPDATE: This chart is a corrected version of the previous one that contained incorrect percentage numbers.)
And since this is an Open Thread, you can also comment about what your own experience has been with rentals, or home prices, or any open houses you look at today, or how much money you made shorting Facebook.