[quote=utcsox]
I am not aware of rents are going down in Los Angeles or San Francisco. According to Zillow, monthly changes in rent is 0.7% in LA and 0.3% in SF. Annual Changes are 3.8% in LA and 9.9% in SF. The pace of increase might has slowed, but I have not seen any evidence that rents are actually decreasing.
Asking rent declined slightly Q4 2015 to Q1 2016 in San Diego, but the annual spring pop is back at the highest ever Q2 2016 > Q4 2015. This years spring pop isn’t as high as in previous years and the huge ramp that started at the beginning on 2014 seems to have slowed down in the past 4 quarters. We’ll see what happens, but I wouldn’t envision any major shifts downward in the next year or so. These kind of markets move pretty slowly. It’s not really worth paying too much attention to them more than a couple times a year.
