I have been checking the rentals on craiglist and I saw two yesterday in North County where the solicited rent was stated as “reduced”.
Rents are too high here to compete with what you can rent in high growth cities should as Phoenix, Dallas, Houston, Atlanta, Denver.
I moved away a couple years ago to come back. I am never leaving again but people with higher expenses, kids etc are going to be leaving for better jobs and lower cost of living.
I know this has been going on for a couple of years but I feel that it will start to accelerate simply because the job market here is not creating the high paying jobs it takes to live here and some people have no choice.
