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Financial Crisis Pushing Up Bay Area Rental Rates

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Oct 9, 2008 5:35 pm US/Pacific

Financial Crisis Pushing Up Bay Area Rental Rates

PALO ALTO (CBS 5) ― Adding to the financial squeeze for many in the Bay Area is the rising cost of renting.

Bay Area cities are some of the most expensive for renters in the U.S., and the struggling economy has many would-be buyers flooding the rental market.

In our video report, Len Ramirez talks to rental hunters who are having a hard time finding affordable accommodations.

(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)

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© MMIX, CBS Broadcasting Inc. All Rights Reserved.