I can site my recent experience to the contrary. While asking prices of rents seems to have gone up there are still many good deals to be found specially in condos in the UTC/Carmel valley area. I recently was forced to move as the condo I was living in (Valentia ,UTC) is upgraded the apartment in anticipation of putting it on the market. Well seems like they are rather late to the UTC condo-conversion party as all the sales have stagnated and they have indefinitely postponed their plans for selling it. Carmel Valley/Torrey Hills which seems to be the toast of the town as regarding schooling districts etc still havs many vacancies to fill and periodically offer reasonably good deals. I recently moved there for less than $1700 for 2-bedroom apartment with a garage. The average rents vary from 1700-2000 in this area (for apartments less than 5 years old). In the meantime the clowns in Torrey Villas are trying to sell their 2-bedroom units for high 500s and above. Good luck to the new homeowners there !!
