Escape From Chicago? San Francisco And New York City Most Expensive Apartment Rental Markets In US (Chicago Rents In Free Fall)

This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.

According to the apartment rental site Zumper, San Francisco and New York City continue to have the most expensive 1 and 2 bedroom apartments in the US.

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What is interesting is that Washington DC has experienced a 15.9% YoY decline in 2-bedroom rents.

Chicago leads the nation in declining 1 and 2 bedroom rents at -14.8% and -15.9% YoY, respectively. There has been plenty of new construction while at the same time, the population has been declining as tax burdens are growing and as the city is very slowly waltzing toward what may become the largest municipal bankruptcy filing in the US.

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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