I also wonder if it's median of available units or available of all units. It's possible that there are so many folks who have been living in the same rent-controlled $700 apartments for 30 years that the total median is much lower than what you can actually find on the open market.
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I also wonder if it's median of available units or available of all units. It's possible that there are so many folks who have been living in the same rent-controlled $700 apartments for 30 years that the total median is much lower than what you can actually find on the open market.