Rents depend on what happens

[spdrun]

Rents depend on what happens with…
(a) the economy. We’re coming due for a recession, 7.5 years since the last one ended
(b) immigration. A significant percentage of San Diego’s population (5-7%) is in the US illegally. Will the Orange Haired Clown make life difficult for undocumented workers? To what extent?

Under 3 people per household isn’t particularly dense, and during a slowdown, people tend to double up and share housing.

Also, rents are outpacing incomes. If borrowing rates go up for other things like car loans, credit cards, etc, where’s the money going to come from?
http://www.sandiegouniontribune.com/business/real-estate/sd-fi-cost-burden-20161216-story.html

It’s always different, until it isn’t.