FSD, I don’t know what the rental multiplier should be. I am going by other posts on piggington. I believe it was 4plexowner who suggested a 10x multiplier, but I’ve seen it as low as 8 or as high as 13.
In any case, I think rents will have downward pressure, as more people leave San Diego, condo conversions are reverted to apartments, and the new glut of condos and unsold homes will be rented out. Thus, I believe rents will stay flat starting next year, for several years. (Decline in real terms).
