Where? Not in most communities near me in MA.
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We’re beginning to see the beginning of it in SJ. I have 2 rental listings and both are recieving decent amounts of attention but multiple people are saying the 1st months rent and 1.5 month of security deposit is too expensive. I’m not too surprised considering that it’s more expensive than what 99% of all LH are putting down on their cars lol.
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Texas, Florida, Colorado, Arizona, and Rhode Island are the ones I know of.
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You mean the list of states famously known as “the desirables” 
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A well-known superstar owns a mansion near the beach in RI. (Hint: She is dating an NFL player). 
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Feel like DC burbs don’t give a fuck about government cuts and continue to grow. All the houses in my neighborhood are being snapped up at an all-time highs. And it did not feel cheap before either.
Texas, Florida, Colorado - the usual boom cities. However even CA is falling pretty quick.
For example Austin is down 22% from peak and it’s still dropping with no bottom in sight. Many cities overbuilt apartments - even ones in CA. CA also had a huge ADU boom where people built 15 unit apartment buildings in the backyard of a single family home. All this has really increased the rental housing supply.
Crazy looking projects:
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Every time you say this I think people are thinking of San Jose.
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What does SJ stand for if not San Jose?
I think he is referring to “South Jersey.”
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Everyone knows it’s actually pronounced SannaZey. 
Aye, San José
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New laws have been passed in California the last few years to encourage multi unit development in areas formerly zoned for single family houses. Most previous zoning laws, including Homeowner Association restrictions, no longer apply to these types of developments.
However, I believe it is limited to 4 units per lot, so the picture appears to show an extreme example, where the lot behind the single family home was zoned for multi units, not single family.
Yep, an incredible amount of ADUs for rent in the LA area and I know many people who either have built one or are planning to.
Not sure how I feel about it honestly, I get the economic appeal of it but the big thing about owning a home is the privacy and the feeling of having your own place…having tenants in my own backyard takes away form that in my view.
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Austin is a special case because of the amount of housing they have built and are building. That’s not the case with the rest of the US. Maybe we should be studying Austin’s YIMBY policy and see if that is a net positive or not. Austin has seen the largest decline in prices.
I don’t think rents have gone down. They haven’t increased much lately but I would predict a bottom for rent increases. Here are some figures tracking rents.
Source: https://www.calculatedriskblog.com/ and other sources (Apartment List, Realtor, Zillow, Redfin, etc)
Didn’t some tech companies relocate their headquarters from California to Austin during COVID?
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Yes, Austin and Texas in general do a great job in tracking what companies move there.
Low taxes and cheap housing is a good draw. Not sure what the current unemployment rate is in Texas right now, but I am sure with all these tech layoffs, the job market is not going to be looking pretty down there.
A very lax zoning code contributes to this.