And rents will drop sharply when the thousands of condos downtown come online next year and have to be rented out. They will bring the whole apartment rental market down.
Owners will also have to rent out their properties once they realize they can’t sell them.
Remember, the rent information is reported by the SD County Apartment Association. Those are most comprised of apartment complexes that advertize in For Rent Magazine. Only idiots would rent from those places. Someone looking for a nice place for rent, at a great price, would have some patience and would look for individually owned properties. There are great deals out there — SFRs and condos.
