Yes, the data exists, but it’s so nuanced and complex that you can interpret it to fit almost any narrative.
Take California, for example: asking rents have increased by 26% over the last two years. But this figure reflects only asking rents, not what people actually pay—especially in areas with rent control.
If you’re looking to upgrade to a bigger place (e.g., moving in with a partner or preparing for a baby), it might feel like the economy is in shambles. On the other hand, if you’re staying put in a rent-controlled apartment, things might seem manageable.
The data is there—it’s the context and perspective that shape the story.
Take California, for example: asking rents have increased by 26% over the last two years. But this figure reflects only asking rents, not what people actually pay—especially in areas with rent control.
If you’re looking to upgrade to a bigger place (e.g., moving in with a partner or preparing for a baby), it might feel like the economy is in shambles. On the other hand, if you’re staying put in a rent-controlled apartment, things might seem manageable.
The data is there—it’s the context and perspective that shape the story.