I’m in a major metropolitan area in the South. I walked away from an underwater mortgage in 2012 and rented an apartment in the burbs - 3 bed/2 bath 1600 square feet for $1300 month.
When we bought our our house a little further north in 2016, rent was already up to $1700 a month. Now, rent for the same apartment is $2100.
Our mortgage is $2070 a month for a brand new build - 5 bedroom/3-1/2 bath - 3000 square feet.
...and a universally disastrous policy that results in higher prices, less maintenance by landlords, and less residential mobility/adaptation to changing job realities.
Outside of zoning, it is SF's original housing market sin.
