Business Insider has a good post about how apartment rents are spiking in major markets across the country.
In Boston, rents have recently pushed up by nearly 10 percent. San Francisco is getting hit hardest, with rents recently increasing by more than 14 percent.
Maybe some renters will realize that buying homes/condos in this market is a better alternative, though consumers are still reluctant to make such big financial commitments in this rough economy.
We still need more jobs.