[quote=asianautica]TheBreeze, I concur w/ the 5-10% drop assessment. I wouldn’t be surprise if this summer, you’ll see 5-10% drop compare to last summer too. Since you also saw rent being higher in the summer, Winter 2009 would be an even better time to find a rental. Wouldn’t that mean it’s still better to move now and move again next January, when rent would be cheaper than Summer 09?[/quote]

Yeah, that seems like a reasonable plan. If rent is cheaper this summer than now, it is likely to be cheaper still in the following winter. Plus, setting yourself up to renew every winter (especially if one plans to rent for several years) is likely to save money in the long run as opposed to having to renew during the summer.