Arraya: This is simply false. I can tell you emphatically that rents are going down right now.
There are probably some areas and some specific properties that have rents going down, but in general, San Diego isn’t experiencing a lowering of rent.
“The average rent in San Diego County was $1,378, a 0.6 percent increase from the fourth quarter of 2007 and a 3.7 increase over last year’s first quarter, according to the survey of complexes of 100 units or more.”
