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  • 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 4:37 PM #326086
    DWCAP
    Participant

    FSD, just because SD housing has been falling faster/earlier than LA, doesnt mean that it will be a direct corrolation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony.

    January 8, 2009 at 4:37 PM #326428
    DWCAP
    Participant

    FSD, just because SD housing has been falling faster/earlier than LA, doesnt mean that it will be a direct corrolation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony.

    January 8, 2009 at 4:37 PM #326496
    DWCAP
    Participant

    FSD, just because SD housing has been falling faster/earlier than LA, doesnt mean that it will be a direct corrolation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony.

    January 8, 2009 at 4:37 PM #326515
    DWCAP
    Participant

    FSD, just because SD housing has been falling faster/earlier than LA, doesnt mean that it will be a direct corrolation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony.

    January 8, 2009 at 4:37 PM #326599
    DWCAP
    Participant

    FSD, just because SD housing has been falling faster/earlier than LA, doesnt mean that it will be a direct corrolation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony.

    January 8, 2009 at 4:54 PM #326091
    (former)FormerSanDiegan
    Participant

    [quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

    I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

    I couldn’t think of any other than both are affected by the overall sucky economy.

    January 8, 2009 at 4:54 PM #326433
    (former)FormerSanDiegan
    Participant

    [quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

    I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

    I couldn’t think of any other than both are affected by the overall sucky economy.

    January 8, 2009 at 4:54 PM #326501
    (former)FormerSanDiegan
    Participant

    [quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

    I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

    I couldn’t think of any other than both are affected by the overall sucky economy.

    January 8, 2009 at 4:54 PM #326520
    (former)FormerSanDiegan
    Participant

    [quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

    I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

    I couldn’t think of any other than both are affected by the overall sucky economy.

    January 8, 2009 at 4:54 PM #326604
    (former)FormerSanDiegan
    Participant

    [quote=DWCAP]FSD, just because SD housing has been falling faster/earlier than LA, doesn’t mean that it will be a direct correlation to rental movements. Population characteristics and the underlying changes in them could easily account for the delay in SD rentals being behind LA rentals. I am not saying you are wrong, I am not saying that we will have the same here in LA. I am saying that they dont have to follow one another in perfect harmony. [/quote]

    I was just wondering out loud by what mechanism the OP thinks that SD rental market will follow LA’s.

    I couldn’t think of any other than both are affected by the overall sucky economy.

    January 9, 2009 at 7:08 AM #326228
    Ex-SD
    Participant

    I based the correlation between the two markets on the predictions from several magazines and other printed sources that San Diego housing prices will fall 20% – 25% in 2009. Since L.A. home prices are continuing to drop and rents are dropping there and the predictions about SD are correct, housing sales will increase in San Diego, forcing landlords to compete with a lower cost of ownership vs renting. Unless San Diego sees a huge population increase that eats up vacant rentals that will occur from increased home sale, it is likely that rents will begin to drop. How much, I don’t have a clue but this scenario is a sure fire method to ignite a decrease in the rental market.

    January 9, 2009 at 7:08 AM #326567
    Ex-SD
    Participant

    I based the correlation between the two markets on the predictions from several magazines and other printed sources that San Diego housing prices will fall 20% – 25% in 2009. Since L.A. home prices are continuing to drop and rents are dropping there and the predictions about SD are correct, housing sales will increase in San Diego, forcing landlords to compete with a lower cost of ownership vs renting. Unless San Diego sees a huge population increase that eats up vacant rentals that will occur from increased home sale, it is likely that rents will begin to drop. How much, I don’t have a clue but this scenario is a sure fire method to ignite a decrease in the rental market.

    January 9, 2009 at 7:08 AM #326636
    Ex-SD
    Participant

    I based the correlation between the two markets on the predictions from several magazines and other printed sources that San Diego housing prices will fall 20% – 25% in 2009. Since L.A. home prices are continuing to drop and rents are dropping there and the predictions about SD are correct, housing sales will increase in San Diego, forcing landlords to compete with a lower cost of ownership vs renting. Unless San Diego sees a huge population increase that eats up vacant rentals that will occur from increased home sale, it is likely that rents will begin to drop. How much, I don’t have a clue but this scenario is a sure fire method to ignite a decrease in the rental market.

    January 9, 2009 at 7:08 AM #326655
    Ex-SD
    Participant

    I based the correlation between the two markets on the predictions from several magazines and other printed sources that San Diego housing prices will fall 20% – 25% in 2009. Since L.A. home prices are continuing to drop and rents are dropping there and the predictions about SD are correct, housing sales will increase in San Diego, forcing landlords to compete with a lower cost of ownership vs renting. Unless San Diego sees a huge population increase that eats up vacant rentals that will occur from increased home sale, it is likely that rents will begin to drop. How much, I don’t have a clue but this scenario is a sure fire method to ignite a decrease in the rental market.

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