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JeffCraig ,

Adjusted for inflation, that $700 rent would be $1,242 today. Not quite enough to get it all the way to the $3,600 they are quoting today. There’s something else very funky going on right now. A lot of cities are experiencing massive population loss… yet rental costs continue to rise. I’m sure the housing crisis has a large part to play in that, but it still doesn’t make a lot of sense to me.

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