This is why I think we’re likely to actually see rents fall.
As the vacant speculator homes come back to the real market, vacancies in the complexes will increase. Once they return above their pain point, they’ll start the cycle of 1/2 off first month’s rent. Rent a year, get December free…
Even when people are capable of paying $1300/month rent, they won’t need to. We’re seeing it in HB already, the strip of condos along PCH at the beach has so many for rent and for sale signs up, only the biggest of idiots wouldn’t walk from one to another, literally, there’s four or five for rent in the same building from different owners.
