[quote=sdrealtor]DLJ
Here’s one data point. My rent in 1995 was $750 for a place that would rent for $1500 today.[/quote]
I bought a condo in 2000 (sold in 2004) where the other units were renting for $1,100. Today these units rent for $1,600. This is all purely anecdotal of course. (And I know the aggregate data is out there somewhere.)
If I had to guess, I’d say that rents in the U.S. have probably increased at around 3% annually over the last 15 years while rents in SD have increased at about 4% annually. Again, that’s just a semi-educated guess. That would equate to a cumulative difference in rents of 16% (and by extension, values) over the period. I’ll try to dig up the real numbers at some point. Although perhaps the esteemed Professor already has access to such data?
