I dont really see the rents increasing a lot here in San Diego either. I just renewed my lease in Point Loma for another 8 months for $1089/month for a 1 bedroom about a mile from the beach which is what I was paying last year.
Compared to a 4k monthly mortgage for an overpriced 1 bedroom cottage in Point Loma, I’d call that a bargain and wait for market to drop even further here in San Diego. It still is way overpriced to buy property here.
