Having just been searching for months in the rental market, I can attest that rents may be lower for large apartment complexes, less desirable neighborhoods, or less desirable units, but single family homes in areas like Mission Hills or even the west part of North Park in homes that are modern and what I’d consider nice are not coming down. If anything the nice homes are getting snatched up quickly and the not so nice ones are staying on craigslist. I found over several months of looking, nicer homes are holding their value just fine if not in fact going up because there just aren’t that many nice homes to rent.
