Silicon Valley and Rents

I just spoke to a Tax Accountant who commutes in to Mountain View every week from the Central Valley. He has stayed at the EconoLodge for the past 4 years after he sold his home in Palo Alto and moved east. The room rates he was getting are going from $100 per night to over $200. That is still a deal for a room in Mountain View during the week. Hotels room rates are soaring and empty rooms are very hard to find. Smells of 1999... My girlfriend's comment was, I should be able to rent out my 1 bedroom condo for easily $2,000 per month. Smells of 2000...