The online article excluded the table, which shows RENTS ARE FALLING SINCE FALL 2006!!!!
It’s as with the median price: year-over-year is positive, but month-to-month is down, so they say the median is still climbing!
It’s too bad you didn’t see the table.
Rents went up Spring 2005 to Fall 2005, and have fallen back to almost Spring 2005 levels.
My landlord is so desperate to keep me, he’s giving me a 2 year lease and installing a $3700 a/c. There aren’t too many people in San Diego who can afford $2200/month rent and pay it on time. That’s the only conclusion I can reach.
If rents were really going up, he would not lock in a lease! He told me that rents are going up due to condo conversions. He’s a skilled negotiator, very crafty, so I know he threw that out to have me eager to sign the lease. He knows they are flat to down for SFHs, so he wants to lock me in.
