The house we are renting was purchased by the owner exactly two years ago for $640K. We have been here 1 year and have renewed the lease for another year; at the same rent of 2000/month.
Zillow (grain of salt) says it is now worth 520K.
I don’t know anybody in SD who’s rent has gone up. Looks like it’s been flat for several years.
One of my girlfriends is an attorney who works downtown and has been keeping an eye on the condo RENTAL market. She says there are some pretty good deals on brand new units.
