Quote Originally Posted by SammyS View Post
Prices only seem rediculous because of where they have recently appreciated from. What was the appreciation from 10 to 5 years ago? About the same % wise as the last 5 years? Was it rediculous 5 years ago?
To kind of answer that...which you can make your own conclusions: In 1993 I paid $235 for rent. In 2010, in that same apartment, rent was $415.00. [[Moved and finally bought a place in 2010). My understanding is that those studio apartments are now going for $900.