“Zumper has found that for every $1 billion in venture capital injected into a local economy, 1-bedroom rents will increase $69 per month, and 2-bedroom rents will increase $99 per month,” the report concludes. In America’s tech hubs—namely San Jose, Boston, New York, Los Angeles, Seattle, and above all, San Francisco—venture capital is reportedly driving rents toward unprecedented extremes, it would seem. And since rents are rising, and tech money is out there, why wouldn’t that be the case?
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