[quote=wannabe2077]I visited a friend in Inland Empire. he lives in a place with a lot of foreclosures.
Rents have dropped from $2000 to $1500 for 3 bedroom home in a decent neighborhood[/quote]
I’ve experienced the same thing in the Temecula Valley. As investors continue to purchase there, it has created an increase in the supply of rentals at a time when purchasing is actually cheaper than renting. The result is lower monthly rentals.
