I don’t imagine rental rates continuing to climb too much higher. First off we aren’t seeing a huge influx of migration coming into San Diego. Second off we aren’t going to see a giant number of people moving from homeowners to renters, simply because they can’t sell their houses fast enough. I think there are plenty of owners out there right now wishing they could rent but are stuck with that house on the market. I think that any frenzy in the rental market will settle down soon enough.
What part of Washington are you moving from? My wife and I actually moved from Seattle three years and may be returning within the next year. What do you hear about the market up there?
