“the exhurbs are gonna get nailed because of migration back to the cities.”

Quote for truth.

On the flip side, this is going to help bolster if not increase rents in the job hub areas.

Aside from wine country; one of the biggest appeals to those areas was the cost. Gas is no longer $1/gal, and the housing bubble madness is no more.

If you commute 1-3 hours to work & back each day, and spend $30/day in gas that’s ~$600/mo. Find an equal property in MM, and do some math. Why rent in Temecula if you work here, if it’s no longer a less expensive equation?

Gas is increasing, housing bubble is deflating – rents in those outlying areas are definitely going to be coming down IMHO.