Orange County, CA – rents are in the crapper

[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! 🙂

[patientrenter]

Great news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.

Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.

[patientrenter]

Great news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.

Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.

[patientrenter]

Great news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.

Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.

[patientrenter]

Great news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.

Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.

[patientrenter]

Great news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.

Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.

[kev374]

It will take time for prices to move down, remember that we started declining only in late 2007 and the last downcycle was 5 years (1992-1997) so my guess is that this one will AT LEAST be that long… that puts a bottom at 2012.

I think a lot of the decline in South OC prices will be linked to the bust of the Alt-A and Prime mortgages which is going to happen very soon. These are the types of loans that were made in South OC.

[kev374]

It will take time for prices to move down, remember that we started declining only in late 2007 and the last downcycle was 5 years (1992-1997) so my guess is that this one will AT LEAST be that long… that puts a bottom at 2012.

I think a lot of the decline in South OC prices will be linked to the bust of the Alt-A and Prime mortgages which is going to happen very soon. These are the types of loans that were made in South OC.

[kev374]

It will take time for prices to move down, remember that we started declining only in late 2007 and the last downcycle was 5 years (1992-1997) so my guess is that this one will AT LEAST be that long… that puts a bottom at 2012.

I think a lot of the decline in South OC prices will be linked to the bust of the Alt-A and Prime mortgages which is going to happen very soon. These are the types of loans that were made in South OC.

[kev374]

It will take time for prices to move down, remember that we started declining only in late 2007 and the last downcycle was 5 years (1992-1997) so my guess is that this one will AT LEAST be that long… that puts a bottom at 2012.

I think a lot of the decline in South OC prices will be linked to the bust of the Alt-A and Prime mortgages which is going to happen very soon. These are the types of loans that were made in South OC.

[kev374]

It will take time for prices to move down, remember that we started declining only in late 2007 and the last downcycle was 5 years (1992-1997) so my guess is that this one will AT LEAST be that long… that puts a bottom at 2012.

I think a lot of the decline in South OC prices will be linked to the bust of the Alt-A and Prime mortgages which is going to happen very soon. These are the types of loans that were made in South OC.

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