It’s not journalism, it’s marketing for the San Diego housing industry.
When 40% of the housing market is dependent on 2nd home buyers and investors (who obviously have to rent the extra housing they own) SOMEBODY had better continue saying that rents will go up or this 40% of the market is going to stop buying.
If this 40% thought that rents were going to flatten out OR EVEN DECLINE, they might stop buying and they might even sell their extra housing – and then there would be a glut of housing on the for-sale market …
