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That article is talking about a very unique group of renters and properties.
Rents of $5,000-$4,500 a month, and condo prices of $9 million (and even at that people apparently can't find what they like). With real estate prices like that, and high property taxes and HOA fees, it's not a "normal" situation.
Not really relevant to 99.9999999% of Americans.
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