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by pascalxus 2877 days ago
Absolutely. It's completely worthless in it's current state.

Also, the rent jungle numbers look a bit conservative for palo alto. In PA a 220 sq ft loft costs nearly 2000$/mo to rent. I think the 3900$/mo figure they have is a bit conservative for PA.

Furthermore, they compared 2BD as their normalization factor, rather than $/sq foot. I would imagine the more expensive areas get less Square footage for a given 2BD apartment.

And, notice how they conveniently didn't even mention any comparisons of salary to housing Buy costs.

1 comments

The housing numbers look poorly researched in general. Sunnyvale for example is not that hard to find a 2 bedroom apartment for under $3k - I'm paying $2700 a month myself for one with over 1k sqft and modern appliances.
“You can find one for less” isn’t a counterargument when shown an aggregate.