I live in the Point Loma/OB area and rents have either stabilized and remained the same or went down. I pay 1100/month which is what I have paid for last 1.5 years. For me to buy a 1-2 bedroom condo in OB/Point Loma would run me a purchase price between $250-500k which is way too expensive even though I enjoy the area and want to buy a place in either OB or Pacific Beach since I like the beach life and being close to work. Just have to wait couple more years for market to correct and save up bigger down payment.
