The second phase will introduce modest restrictions, with continued data analysis to inform further regulatory measures.

I've looked at the AirDNA data and Rentometer but there isn't much data in my area for that size of a home, new construction that people are renting in the luxury space as it's nearly a $2M spec.

They don't have enough data points.

So we tested the market, and it proved.

You could also pay CoStar for data but I don't anymore.

Let me share some info and data with you about this area.Grand Rapids has experienced a bit of a boom the last few years due to lack of properties for sale and consistent (or even increasing) demand. 

By giving them this info , we are doing a couple of things - First, giving them solid data that they may not have.

I was searching through some of the data and noticed that there are people from New York and more expensive cities moving there (which I would assume will drive up market prices). 

Sometimes I'll come across agents who really don't know what they're doing. to me getting a license is like passing the Bar exam  it just gives you the right now to learn how to practice law.. just passing the test in RE in no way prepares you to be a good agent / successful agent thats the next step..

Probably because they get all of their data from agents and would not exist for a day without agents inputting that data for them.