Saturday, May 11, 2019

Where'd all the apartments go?

Reason: "California's Rent Control Advocates Are About To Get What They Want, Good and Hard - "Everywhere rent control is tried, the same things happen. Landlords exit the market. Developers stop building apartments. Supply drops significantly."

I don't talk about my work situation but a couple years I was offered a job in the Silicon Valley area with a significant salary increase...which would have been completely swallowed up by housing costs.  It was a net loss even before factoring in California's $4 gas.

No comments: