[zdragnar]

I think that build out has been going on since at least 2004, at least around the University. Plenty of luxury student apartments around there with even more inflated prices for the value.

Even in the suburbs, sketchy one bedrooms were 900-1000 last I had looked, though I was limited in options because I had a small dog. I ended up going way out to savage to get one for 700 / month back in 2010

[vitaflo]

I mean, just look at the North Loop. When I worked there in 2000 there were no condos at all, just drug dealers and prostitutes on corners.

Now they can't build condos there fast enough, and the rent on them is insane.