5 to 6000 more condos downtown in the next 2 years
20 to 40% of current MLS inventory is vacant
net outmigration of people from San Diego – UHaul ratio at 4 to 1
Please explain to me how rents are going to go up?
Always remember: housing that won’t sell to a homeowner becomes a rental – the only exception to this rule that I am aware of is the downtown towers that were held vacant (except for one tenant) for ten years
Another ‘always remember’: prices are set at the margin
