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Notes From the Fieldby Martin Weil

February 18, 2014

A New “Gold” Rush

The highest housing rental prices in the US are not to be found in New York, DC, Los Angeles or San Francisco. They are in Williston, North Dakota, according to a recent survey.  A 700 sq ft apartment in this town of 30,000 rents for an average $2400/mo. This the result of the astonishing oil boom following rapid advances in “fracking” technology.

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