If wages are going up gangbuster nationwide it will certainly show up in inflation data. @hanera says Austin RE also went up 30% in a year? Wonder how the rent is looking over there. In Bay Area as a whole rent is certainly not going up double digit.
i have doubts rent can bounce back. wealth is concentrated in smaller and smaller population.
50 empty apartments with 2 months free in new building in Burlingame.
similar homes with $3m value hardly rent for $6k.
since only virtual work can make money. it suckup all the talent from all other fields.
All this infrastructure money will goes to Germany due to there long connections and total dominance in Mechanical engineering.
@ HK2 I suggest you take a vacation in Europe. Oh I forgot the whole place is closed down due to covid. You are truly clueless
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Glance through a few seconds 
He is right, I knew that already.
Official inflation refers to general inflation based on a basket of items supposedly consumed by most of us.
However, not all of us purchase the same items. The biggest argument vs general inflation is it uses rent to represent housing whereas quite many of us would like to own houses.
Recall I advocate using your Primary instead of nominal dollar as the measure of your net worth?
I also advocate don’t use numbers and stats used by people in charge of managing macro issues. We are individuals. You should use your own basket of items 
to determine your personal inflation General inflation CPI is for economists to manage the economy, and for politicians to talk.
Edit:
Take note, I didn’t read the comments by @manch before saying above. After reading his comments, I have to shake my heads… he really don’t understand.
Btw, to me, everything is in deflation because my unit of measure is share price of AAPL
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@manch won’t get it. He thinks he is an average Joe but he doesn’t consume items by average Joe. He talks like he is managing the economy but he is just an individual.
You get it too.
There is a project at MIT that tracks prices of over a million things and the aggregate is perfectly in line with official inflation data.
Any sign of being tricked by one’s psychology. Like that guy who obsesses over buffet price.
Not Austin, Pflugerville 78660. Rent increases by 12-15%… rent has always lagged 
price appreciation and property tax increases.
Time to raise your rent by 20%.
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Talking to me? I am not interested in macro numbers. I look from a personal point of view.
General inflation CPI is of no relevancy to me.
FIFY.
Latest rent data for Bay Area. RE price is booming but rent not so much.
The Fastest Growing (Y/Y%)
–Vallejo was the only city with rent increasing on a year-over-year basis, up 5.5%.
The Largest Declines (Y/Y%)
-Sunnyvale rent had the largest decline, falling 31.7% since this time last year.
–Redwood City rent dropped 29.3%, making it second.
–Santa Clara had the third largest year-over-year rental downturn, decreasing 28.7%.
With rent control it is time to rent. Plus thanks to covid19 and Newsom I can stay for free. Only one little problem. Very few places available
Move aside TSLA, here come BIDU… Robin is confident that BIDU would roll out the most advanced autonomous vehicle. Hmm… except not as advanced as that fruit’s car
Black turtle neck
After 8 years of going nowhere with Bidu, I sold out my entire position in 2019 and bought Tsla at $35. 2 years later, Tsla is at $650 while bidu is still not anywhere higher than where it was back in 2011 when I bought it.
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Now is the time to sell TSLA and buy BIDU 
10 years of river east, 10 years of river west.
It’s 10 years east, 10 years west is the saying
But I don’t think Robin Li is any match against Elon.
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All these quarterly financials mean very little. What a trader need to know is, is this priced in or not.