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Livermore Rents Rise Despite Weak Economy

Livermore Valley area in line with trend around the Bay Area, research firm says.

Rents in town appear to be hitting all time highs, matching a trend that prevails around the Bay Area, according to a research firm in San Francisco.

And this price rise could continue according to Nick Grotjahn with RealFacts, which collects information on complexes with 50 or more apartments.

"If the double digit rent growth continues in San Francisco, the Peninsula and South Bay, I suspect we'll see a migration to the East Bay as renters will be willing to commute further in attempt to find more affordable housing," he told Patch.

A complete list of findings is contained on the attached PDF. Selected examples show the following monthly rents:

  1. a one-bedroom apartment now averages $1,200 per month, up 5.5 percent in the last 12 months;
  2. a two-bedroom apartment (with one bath) now rents for about $1,400 per month, up 7.2 percent during the same period;
  3. three-bedroom, two-bath apartments are now at about $1,800, up 4.6 percent in the past year.

Why are rents rising?

A Mercury News article on the phenomenon attributes it to a combination of an improving job market and the fact that some would-be home owners are unable to buy or hold onto homes.

But given that rental properties are a market the best answer for why landlords are raising rents may simply be that they can.

Rich Buckley July 21, 2012 at 02:51 PM
PART 1 Daniel Graham, Yes....you are right.... I must just work and pay taxes.... This time though the Cabal realizes they have lost and the light of exposure is bringing epic change.  As these revelations of the vast levels of corruption linked above, work there way faster and faster into public awareness, it sets an inception point of change. The gig is up at the Federal Reserve and global banking Cabal. The largest problem of all is not the Cabal however, but our own personal collective insecurities to face change -- my own included. Our economic banking model is built on and now dependent on the huge cash flows from drug trades globally in the many hundreds of billions. Our banking system has grown dependent on the liquidity derived from laundering narco dollars, as proving out by the new HSBC laundering revelations yet again.  Narco crime bosses eventually report to a James Bond. James Bond reports to the inner circle. The inner circle nests deep within the government NSA--CIA--MILITARY/INDUSTRIAL BLACK OPPS COMPLEX and they in turn take their spiritual alignment of purpose and process from an  Owl in the woods at Bohemian Grove that over looks ancient ritualistic symbolic child sacrifices of a coffin engulfed in flames as a connection of spirit to the dark arts of glamour and service to self.
Rich Buckley July 21, 2012 at 02:53 PM
PART 2 Ask for volunteers among an informed group of 30 to 80 year olds to push the magical "Red Button" that breaks the this evil linkage at the cost of decreasing the value of your 401-K's and in a group of 100, you will find just one lonely volunteer. That is the power of our fear of change. All that is coming to its end. We intuitively understand it's time for the darkness to now recede. A beautiful new change has already won. The evil we see is the Cabal's departing "F.U." efforts to burn as much of the landscape as possible on their departure. I battle their darkness every day by visualizing beautiful light inviting it to fill my heart with love. Ultimately that's how we will build the collective courage to deal with the changes coming. This spirit even applies to good Keith looking for his rental here in Livermore. The spirit of love will bring him to the rental meant for him to find.
Mr. Pickles July 21, 2012 at 04:00 PM
@Rich Buckley: Are you paranoid, or do you think somebodys out to get you?
Larry Dickman July 21, 2012 at 04:02 PM
Save our State. Stop High Speed Rail. A better way to move up and down the State exists. I saved my money during the good times. I didn't buy a Hummer or spinner wheels. No boat or BMW. Now I own some rental homes and will charge a fair rent that gives me a profit. Call it 1% er or whatever. CA needs to expend its money wisely. Deregulate were it makes sense. Minimize taxation and give incentive to small businesses. The trouble is that SF Bay area and LA basin voters control our States direction. They vote to either get handouts or give handouts. All this other talk about international issues is on a different plate and would or would not happen despite our local economic issues. Stay focused on your issues. Don't consume for the sake of consuming. Stop the ILLEGAL IMIGRATION DRAIN of our tax dollars. Untaxed dollars leaves this country by the billions. Taxing me another 1% or so is not fair if you don't address the drain.
Rich Buckley July 21, 2012 at 06:18 PM
I was shown a different reality many years ago. That seem to now open my eyes in ways I could never have thought. It took me 65 years to piece these parts together.

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