San Diego Housing Market News and Analysis
UT Article: San Diego Rent Expected to Rise
User Forum Topic
Submitted by flu on May 14, 2012 - 3:29am
San Diego rents expected to rise this year
Summary (according to article):
*Average rent in SD County up 2.6% to $1,361
And looks like Generation X's and Y's that moved back home during the meltdown are looking to move out again...
Article cites one 24'er that moved out of parents house into own pad.
Article also cites older 30'er couple that moved from LA for a tech job,..(Coincidently, it's consistent with the tenant pool that I saw back in March in which most applicants where tech job workers just starting out)
In both cases, neither have the means of homeownership at this point.
“We want to be free, to move depending where our jobs are,” said George, who signed a 15-month lease at Circa 37. He and his wife expect to stay there for two to three more lease terms.
Parker, the recent college graduate, says she expects to rent for at least five years.
“Buying a home,” she said, “I don’t know too much about it right now. Maybe once I settle down and everything.”
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