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  • January 8, 2009 at 12:42 PM #14788
    Ex-SD
    Participant

    Rents are starting to fall in L.A. (and other markets). It is likely that San Diego is just one step behind L.A.

    Story from the L.A. Times: http://www.latimes.com/business/la-fi-rent8-2009jan08,0,5261091.story

    January 8, 2009 at 1:30 PM #326010
    (former)FormerSanDiegan
    Participant

    The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

    Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

    January 8, 2009 at 1:30 PM #326524
    (former)FormerSanDiegan
    Participant

    The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

    Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

    January 8, 2009 at 1:30 PM #326440
    (former)FormerSanDiegan
    Participant

    The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

    Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

    January 8, 2009 at 1:30 PM #326421
    (former)FormerSanDiegan
    Participant

    The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

    Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

    January 8, 2009 at 1:30 PM #326353
    (former)FormerSanDiegan
    Participant

    The San Diego real estate cycle has been ahead of the LA cycle for the past several years. The peak happened almost a year later in LA and the decline started in SD well ahead of LA. Shouldn’t SD have already been seeing these declines ?

    Maybe SD has experienced this already and perhaps I missed or have forgotten about it.

    January 8, 2009 at 1:44 PM #326450
    Diego Mamani
    Participant

    Very interesting. Hopefully a reporter will investigate the rents’ trend in apartments vs. condos vs. SFHs, which I believe are different beasts.

    Many Piggingtonians are biting the bullet and searching for a house to buy based on a favorable (or nearly neutral/favorable) rent vs. buy calculation. However, as the recession and deflationary environment get worse in 2009-2010, watch our for declining rents.

    You may still find out that you grossly overpaid for a house if rents continue to drop substantially.

    January 8, 2009 at 1:44 PM #326363
    Diego Mamani
    Participant

    Very interesting. Hopefully a reporter will investigate the rents’ trend in apartments vs. condos vs. SFHs, which I believe are different beasts.

    Many Piggingtonians are biting the bullet and searching for a house to buy based on a favorable (or nearly neutral/favorable) rent vs. buy calculation. However, as the recession and deflationary environment get worse in 2009-2010, watch our for declining rents.

    You may still find out that you grossly overpaid for a house if rents continue to drop substantially.

    January 8, 2009 at 1:44 PM #326020
    Diego Mamani
    Participant

    Very interesting. Hopefully a reporter will investigate the rents’ trend in apartments vs. condos vs. SFHs, which I believe are different beasts.

    Many Piggingtonians are biting the bullet and searching for a house to buy based on a favorable (or nearly neutral/favorable) rent vs. buy calculation. However, as the recession and deflationary environment get worse in 2009-2010, watch our for declining rents.

    You may still find out that you grossly overpaid for a house if rents continue to drop substantially.

    January 8, 2009 at 1:44 PM #326534
    Diego Mamani
    Participant

    Very interesting. Hopefully a reporter will investigate the rents’ trend in apartments vs. condos vs. SFHs, which I believe are different beasts.

    Many Piggingtonians are biting the bullet and searching for a house to buy based on a favorable (or nearly neutral/favorable) rent vs. buy calculation. However, as the recession and deflationary environment get worse in 2009-2010, watch our for declining rents.

    You may still find out that you grossly overpaid for a house if rents continue to drop substantially.

    January 8, 2009 at 1:44 PM #326431
    Diego Mamani
    Participant

    Very interesting. Hopefully a reporter will investigate the rents’ trend in apartments vs. condos vs. SFHs, which I believe are different beasts.

    Many Piggingtonians are biting the bullet and searching for a house to buy based on a favorable (or nearly neutral/favorable) rent vs. buy calculation. However, as the recession and deflationary environment get worse in 2009-2010, watch our for declining rents.

    You may still find out that you grossly overpaid for a house if rents continue to drop substantially.

    January 8, 2009 at 1:49 PM #326544
    cr
    Participant

    All the more reason for home prices to continue falling for several more years.

    January 8, 2009 at 1:49 PM #326460
    cr
    Participant

    All the more reason for home prices to continue falling for several more years.

    January 8, 2009 at 1:49 PM #326441
    cr
    Participant

    All the more reason for home prices to continue falling for several more years.

    January 8, 2009 at 1:49 PM #326030
    cr
    Participant

    All the more reason for home prices to continue falling for several more years.

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