It's official: The fastest growing rental market in the country is...Oakland (??!?!?). Demand in the Bay Area is so high that everyone is now fighting for a spot in the so-called hood. National rent growth was at its highest at 4.9% in January. Meanwhile, Oakland rent increased by a whopping 14.3%. Of the top 10 highest markets, the list includes four California metros: Oakland, San Jose, Sacramento, and last but never least, the depressingly unaffordable San Francisco. Here's how the rest of the country stacked up:
Moral of the statistics: 1) Avoid rising rents by buying a place of your own, 2) Invest in a multi-unit home to leverage the rental demand, and/or 3) Never leave your rent-controlled apartment, ever.
Oh, and hey what a coincidence, it just so happens I can help you accomplish 2 out of the 3 items listed above! ;)
All things real estate.