yukbon
Well-Known Member
Tbh I haven't been keeping up with local rent prices here in Miami but housing didn't even dip appreciably. Maybe a couple of months last year I guess. Otherwise it's been up up up up upMajor cities saw a decline in rent when people started working remotely and left the cities.
However, now that people are starting to come back to the cities rent are starting to soar and quickly pass pre-covid levels.
For example, much of wall street expects their employees back in the office starting in September. This means many people are being forced to move back into NYC now. And this has resulted in a huge surge in rent in the last couple weeks. Same is true in Miami.
In CA where tech workers are still working remotely rent remains down 20%.