My personal experience is that rents went up this year about the same as last year(4%). If you the read the article two research firms say that rents increased by less than 4% and the other research firm by 5.8%.
The U-T is really trying hard to spin the news so they look better for RE. This hilarious article cites that prices will not drop that much by quoting students that are not even from San Diego.
From the article:
“Bridget Mendez, 23, of Los Angeles was the most optimistic. She based her outlook on what she found in the South Bay market.
“When you drive the area, you see a lot of young buyers, new townhouses, definitely a lot of potential for the future,” Mendez said. ”
Another “researcher” uses Dataquick numbers and the other believes prices will start going up again by 2017 and hopes he will make enough money by then to afford a home.
