As for rents going down, I am kinda at a loss. I think AN is right about the gas prices affecting things. If I had to guess alot of commuters are moving closer to work, and it is hard to get closer to sorrento valley than MM. Economically it may not make sense to pay $200/month more to save $80 in gas, but people are alot more price sensitive to gas prices than rents(short term).
I do know that I don’t want to move right now and am glad I have a lease I can afford. I also know that if things keep on the path that they are, maybe I should follow my friends and try out another part of the county. My buddy moved from LA to Baltimore last year. The LL he wanted to rent from (2/2 duplex with a yard and basement) asked if $900 a month would be “ok” and hinted negotiations were possible. He was paying 1550 in LA for a 1/1 apt on a major road. Needless to say, he was “ok” with it.
