Allow me to get back to the original theme of this thread: rent trends in various US cities, in which San Diego fares better than LA or the Bay area.
A closer look at the location of the the cities with the biggest rent growth shows them to be immediately outside of the three west coast states: Phoenix, Tucson, Las Vegas, the various cities of Idaho, Utah, Montana. One odd exception to this rule is Santa Ana. Another is Spokane, perhaps escapees from Seattle who want to stay in a zero income tax state.
Is this not more evidence that people are leaving the high cost, poorly governed locations for a lower cost of housing (and everything else), lower taxes, and, dare I say it, lifestyle?
The fact that San Diego rents are doing better than LA and San Francisco may simply mean that we are the lease crappy CA city left.
