Help – Rents in UTC / Mira Mesa areas: where are they headed?

[peterb]

Rents tend to be pretty sticky. That’s why they appeal to investors and they’re the last thing to drop in the market. The two things that can hurt them are substitution and net migration out of the area. Substituion being that more people share a given unit. Net negative migration speaks for itself. If CA persists in being substantially above the country in unemployment, I think we’ll see migration out start to ramp up. Substitution is tougher to track. But looking at “For Rent” signs and other such market indicators can give you an idea of where it’s heading. Compensating for seasonal trends is also advisable.

[PadreBrian]

UTC area should only come down 5-10%. The university and qualcomm employment is what drives the prices.

If you think the world is coming to an end why are you worried about renting? Makes no sense.

[PadreBrian]

UTC area should only come down 5-10%. The university and qualcomm employment is what drives the prices.

If you think the world is coming to an end why are you worried about renting? Makes no sense.

[PadreBrian]

UTC area should only come down 5-10%. The university and qualcomm employment is what drives the prices.

If you think the world is coming to an end why are you worried about renting? Makes no sense.

[PadreBrian]

UTC area should only come down 5-10%. The university and qualcomm employment is what drives the prices.

If you think the world is coming to an end why are you worried about renting? Makes no sense.

[PadreBrian]

UTC area should only come down 5-10%. The university and qualcomm employment is what drives the prices.

If you think the world is coming to an end why are you worried about renting? Makes no sense.

[moneymaker]

I’ve noticed a lot more for rent signs in North Park lately. I’ve also noticed a lot of BOM (back on market) listings lately. Not sure if it is buyers backing out or not qualifying, probably both. I think we are in a depressionary era where prices across the board will fall, along with employment. I’m at a loss as to the fix, can anyone tell me how a government running a deficit is going to bail out the economy. Isn’t that analagous to standing in quicksand and offering someone a boost over a fence that is too high.

[moneymaker]

I’ve noticed a lot more for rent signs in North Park lately. I’ve also noticed a lot of BOM (back on market) listings lately. Not sure if it is buyers backing out or not qualifying, probably both. I think we are in a depressionary era where prices across the board will fall, along with employment. I’m at a loss as to the fix, can anyone tell me how a government running a deficit is going to bail out the economy. Isn’t that analagous to standing in quicksand and offering someone a boost over a fence that is too high.

[moneymaker]

I’ve noticed a lot more for rent signs in North Park lately. I’ve also noticed a lot of BOM (back on market) listings lately. Not sure if it is buyers backing out or not qualifying, probably both. I think we are in a depressionary era where prices across the board will fall, along with employment. I’m at a loss as to the fix, can anyone tell me how a government running a deficit is going to bail out the economy. Isn’t that analagous to standing in quicksand and offering someone a boost over a fence that is too high.

[moneymaker]

I’ve noticed a lot more for rent signs in North Park lately. I’ve also noticed a lot of BOM (back on market) listings lately. Not sure if it is buyers backing out or not qualifying, probably both. I think we are in a depressionary era where prices across the board will fall, along with employment. I’m at a loss as to the fix, can anyone tell me how a government running a deficit is going to bail out the economy. Isn’t that analagous to standing in quicksand and offering someone a boost over a fence that is too high.

[moneymaker]

I’ve noticed a lot more for rent signs in North Park lately. I’ve also noticed a lot of BOM (back on market) listings lately. Not sure if it is buyers backing out or not qualifying, probably both. I think we are in a depressionary era where prices across the board will fall, along with employment. I’m at a loss as to the fix, can anyone tell me how a government running a deficit is going to bail out the economy. Isn’t that analagous to standing in quicksand and offering someone a boost over a fence that is too high.

[DWCAP]

I have noticed some weakness in rents. places that never use to place ads in papers or on craigslist have started posting. They are doing stupid things like reducing deposits and giving you “rest of the month free*…” (*on the 26th of the month) to help drive down vacancy. Usually it is mostly BS “buy downs” for places that are having trouble being at the top of the market durring a downturn. But listings are struggeling it seems.

[DWCAP]

I have noticed some weakness in rents. places that never use to place ads in papers or on craigslist have started posting. They are doing stupid things like reducing deposits and giving you “rest of the month free*…” (*on the 26th of the month) to help drive down vacancy. Usually it is mostly BS “buy downs” for places that are having trouble being at the top of the market durring a downturn. But listings are struggeling it seems.

[DWCAP]

I have noticed some weakness in rents. places that never use to place ads in papers or on craigslist have started posting. They are doing stupid things like reducing deposits and giving you “rest of the month free*…” (*on the 26th of the month) to help drive down vacancy. Usually it is mostly BS “buy downs” for places that are having trouble being at the top of the market durring a downturn. But listings are struggeling it seems.

[DWCAP]

I have noticed some weakness in rents. places that never use to place ads in papers or on craigslist have started posting. They are doing stupid things like reducing deposits and giving you “rest of the month free*…” (*on the 26th of the month) to help drive down vacancy. Usually it is mostly BS “buy downs” for places that are having trouble being at the top of the market durring a downturn. But listings are struggeling it seems.

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