Orange County, CA – rents are in the crapper

[kev374]

I just renegotiated a new 1 year lease on my 1 bedroom here in South Orange County for exactly 21% less. Not only that I managed to get a layoff protection clause that allows me to terminate my lease if I lose my job! Whoa! Things must be pretty bad!

I was told that it is getting extremely difficult to find tenants for 1 bedrooms now since there are not many who can absorb the full cost by themselves. Dual income couples opt for a 2 bedroom and so do people who want roomates.

[barnaby33]

Ok but most places in South OC were exorbitant to begin with. So now your rent is merely outrageous?
Josh

[barnaby33]

Ok but most places in South OC were exorbitant to begin with. So now your rent is merely outrageous?
Josh

[barnaby33]

Ok but most places in South OC were exorbitant to begin with. So now your rent is merely outrageous?
Josh

[barnaby33]

Ok but most places in South OC were exorbitant to begin with. So now your rent is merely outrageous?
Josh

[barnaby33]

Ok but most places in South OC were exorbitant to begin with. So now your rent is merely outrageous?
Josh

[peterb]

Interesting. This week, my local fish wrapper had twice the usual number of rental ads in it. And I’ve been tracking it for almost 2 years. Large increases in inventory is the first phase towards lower prices.

[peterb]

Interesting. This week, my local fish wrapper had twice the usual number of rental ads in it. And I’ve been tracking it for almost 2 years. Large increases in inventory is the first phase towards lower prices.

[peterb]

Interesting. This week, my local fish wrapper had twice the usual number of rental ads in it. And I’ve been tracking it for almost 2 years. Large increases in inventory is the first phase towards lower prices.

[peterb]

Interesting. This week, my local fish wrapper had twice the usual number of rental ads in it. And I’ve been tracking it for almost 2 years. Large increases in inventory is the first phase towards lower prices.

[peterb]

Interesting. This week, my local fish wrapper had twice the usual number of rental ads in it. And I’ve been tracking it for almost 2 years. Large increases in inventory is the first phase towards lower prices.

[CA renter]

Interesting, too…just yesterday we were going for a walk and noticed far more “for rent” signs than we’ve seen in the whole time we’ve lived here (5 years). This is very good for us bears, as lower rents should help knock out all the new “landlords” who wanted to rip off the renters with highly inflated rents. Woo-hoo! 🙂

[CA renter]

Interesting, too…just yesterday we were going for a walk and noticed far more “for rent” signs than we’ve seen in the whole time we’ve lived here (5 years). This is very good for us bears, as lower rents should help knock out all the new “landlords” who wanted to rip off the renters with highly inflated rents. Woo-hoo! 🙂

[CA renter]

Interesting, too…just yesterday we were going for a walk and noticed far more “for rent” signs than we’ve seen in the whole time we’ve lived here (5 years). This is very good for us bears, as lower rents should help knock out all the new “landlords” who wanted to rip off the renters with highly inflated rents. Woo-hoo! 🙂

[CA renter]

Interesting, too…just yesterday we were going for a walk and noticed far more “for rent” signs than we’ve seen in the whole time we’ve lived here (5 years). This is very good for us bears, as lower rents should help knock out all the new “landlords” who wanted to rip off the renters with highly inflated rents. Woo-hoo! 🙂

[Author]

Posts