Yes…HUGE HUGE spikes in rent and the Bay Area is the worst for rent increases as homeowners flee their houses.
We rented our 2400 sq ft home a year ago for $2600/month at a time when some similar were rentign even for less.
This place now renting for $3,000 per month! Also I spent a week looking at alternative rentals, and that IS the going rate for bigger houses in Silicon Valley (good locations).
In Palo Alto (PREMIUM location) this kind of house is renting for $4000 or even $5000!
