[petercooper]

"From 1998 to 2001, rental prices rose more rapidly than the overall rate of inflation, but not nearly as fast as home prices. If higher home prices are the result of a real shortage of housing, then rental prices should continue to rise to catch up with homes prices. That isn't happening. Rental prices are barely moving as record vacancy rates nationwide force landlords to hold the line on rents. In bubble areas, such as Seattle and San Francisco, rents are falling."

[bvw]

amazing