Less than half of you are willing to pay extra for good service, but three in four would walk out of a store offering poor service.
“I think you mentioned that you had some ideas around alternate business models in real estate. Would you mind sharing those with us?”
Recent data–“Data! I need more data!”–reveals what’s hot and not. And maybe reveals that data isn’t all that hot, especially when it’s misinterpreted.
Renters, feel like you’re paying too much rent? Sure you do! And you probably are!
Someone should do something about it!
Here’s an incendiary statement: “Over four years, market rents in [San Mateo County] have risen 50 percent while household incomes have been flat”, says local newspaper The Almanac, quoting County Department of Housing statistics. Average rent is up 12.4 percent over the past year, while average county household income over the same period is essentially flat.
How can rents rise sharply when income is stagnant?
The share of first-time buyers fell to its lowest point in nearly three decades, according to a survey released by the National Association of REALTORS. Of course, the “national” in National Association says that this is a national, not Silicon Valley, survey, and Silicon Valley often differs from the national market. But the story made me think back over who I’ve been working with recently.
The average monthly rent in Santa Clara County “zoomed up $93” in the first three months of 2015, zooming an even zoomier $108 in San Mateo County, according to the Silicon Valley edition of the Business Journal. For those of you keeping score at home, that’s increases of 12 and 13.6 percent respectively over the past twelve months.