USA: Why Is Rent So High? The Answer’s Buried in Microfilm

Realopedia Global Real Estate Portal

Ever heard of microfilm? It’s an arcane technology that shrinks newspapers down to the size of hockey pucks for easy storage; a once-high-tech “reader” (actually a big box with a lightbulb) is then used to blow them up on a screen to view. And reading microfilm is torture. Which is why you’ve gotta hand it to Eric Fischer, who recently transcribed 30 years of rental ads to answer the $3,500/month question: Why is rent so high, in Silicon Valley and other places across the country?

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Source : USA: Why Is Rent So High? The Answer’s Buried in Microfilm