NYC has rent controlled housing which suppresses statistics (my guess). Washington DC is getting pretty pricey too from what my friends tell me.
San Diego has been seeing prices go up steadily as well. Especially with the bad winter rains of the past few years, landlords are having to do a lot of repairs. Taking that example, any new landlords, those who bought after the crash in 2008, are having to repair their rental properties. This is causing the to raise rent to help cover their costs.
NYC has rent controlled housing which suppresses statistics (my guess). Washington DC is getting pretty pricey too from what my friends tell me.
San Diego has been seeing prices go up steadily as well. Especially with the bad winter rains of the past few years, landlords are having to do a lot of repairs. Taking that example, any new landlords, those who bought after the crash in 2008, are having to repair their rental properties. This is causing the to raise rent to help cover their costs.
The rent suppression in NYC makes sense - the DC scenario as well.
With the amount of people looking to rent after 2008, I imagine there is a lot of demand and also turnover in rentals.
Anywhere there is a military presence will habe significant renter turnover as servicemen are transferred to new assignments and duty stations.