[quote=spdrun]For what it was worth — my friend was renting a one-bedroom in Carlsbad for $800 in mid-2009. Nice complex with pool, etc, though the window faced the railroad tracks and we’d get woken up by train horns at night.[/quote]

Spdrun – I feel like I’ve always appreciated your logic on things. Do you think rents will go down if prices fall along the coast in the next couple years? I’m looking for data, but your opinion means something to me based on what I’ve read from you over the years.