LogFAQs > #951294453

If he meant the most expensive, it's already there.

If he meant the mean/average ......maaabye because of the most expensive properties raising the mean.

If he means you won't be able to get a place for less than 8k, he's on crack. Even 6k is a high estimate. I would say even that far in the future, at the current rate of increase (which will probably slow down and may crash eventually), that $3500-$4000 on average for a 1 bedroom in basically 20 years.

If you look at 2 bedroom apartments in the bay area (hayward) CA right now there are hundreds of them available from $1500-$1800 in hayward ca. Thierty years ago a 2 beedroom was about $600.

So in those 30 years it has double to tripped in price.

IF you doube to tripple it your talking $3000-$4500 for a two bedroom apartment by 2043 I would estimate......IF things continue to increase as much as they have.

I highly doubt that will happen though and think they will cap out eventually, probably before they even reach $3000 avg for a 2 bedroom.

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Tacobot 3000 "Saving the world from not having tacos."
Friends don't make their friends die Hanz. Psychopathic friends do.