I’m only interested in NW MM, which is maybe the most expensive part. I’m sad to report that after a month, I didn’t find a single 3BR house (with wooden floor, which is really important to us) in NW MM for under $2000. (Instead we’ll rent a 2BR condo in La Jolla.)
Right now on Craigslist there are 23 listings of 3BR and 4BR houses and condos in Rancho Bernardo, and 12 listings in Rancho Penasquitos, under $2000. I think everyone will agree that MM is cheaper than both RB and RP.
Just because someone wants to get 2200 or 2300 for their 3br rental in MM, does not mean that the market will bear that price.
Also all these “investors” snapping up 300-350k properties in MM will soon start bringing their houses on the market and that will have a serious impact on rents.
