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  1. ARMwrestling
    January 3, 2006 @ 10:00 PM

    A quick note for anyone
    A quick note for anyone wondering what happened to the Bay Area’s infamous dot-com “rent spike” of 1998-2000 and why the red line on the chart doesn’t reflect it: I’m the guilty party who gave the professor this data and lacking a rental CPI, I substituted the Bay Area’s generic CPI from 1995-2005.

    So, while this broader CPI doesn’t reflect the jump in rents in the late 1990s, it also doesn’t show the 20-30% *drop* in Bay Area rents from 2001-present. A bit of a wash, then, and it’s fair to say the comparison between home prices and rents, as of 2005, is accurate.

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