I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.
I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.
Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?
I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.
