I think there is simply no demand that can sustain rents much more than $1000 (BTW, that was just an indicative figure I used), say beyond $1500, in today’s $, for Claremont area. People with earning potential to pay $2000 p.m. want to live better; either out-of-town or out-of-state. It is the U-Haul phenomenon, more than anything else, that will bring rents and home prices in line with incomes.
