[quote=bewildering]$2000 for a studio?! “Only” $1600 for a studio in a different place?!
In 2005 I rented a 1bdr in PB 6 blocks from the beach for $950. My landlord did not raise my rent for the 5 years I lived there. I wonder what it rents for now?
My clairemont 2/1 sfr rental was $1650 from 2012-14. The landlord rented it out to the next tenants for $1750. He had 30+ people contact him within 60 minutes of the place going on craigslist. A similar rental is on craigslist for $1950.
The rental market is driving house prices. How can there be any reduction in prices when the rental vs. house payment is at parity? All I can see is house prices going up and up.[/quote]
This is what I was saying on here about 2 months ago and not getting many believers in my corner.
When I helped a couple back in Dec/Jan, we found they could *buy* for less && than *rent* in San Marcos! It was a no-brainer.
Rents have been going through the roof…that has to put pressure on home prices.
Spoke with a realtor friend this weekend – he’s been closing one sale every 1 to 2 weeks. Yikes! He says it feels like a seller’s market as he has more buyers, but they can’t find homes to buy. (ie homes they like…)
