Rents are confusing me…

[92027_guy]

So the consensus on rents seems to be that they are going to go down along with house prices. But it seems to me that there are even bigger upward pressures on rents. For example, the downward pressure is the rent vs. buy equation, monthly mortgages go down then rents have to follow. Makes sense, for sure, but is that really the end all be all? Aren’t there more people who are losing their house(in Sandiego), and HAVE to rent because they now can’t qualify/afford a new house then are people who are moving from renters to owners?
Wouldn’t that seriously increase demand and therefore prices of rents? Just wondering if anyone has some thoughts.

Kinda like when the fires came through and there are stories of rents tripling overnight….

[macromaniac]

Guy,

You would think that is the case but some people move in with family/friends/parents and I think a lot of people are getting out of CA similar to the 90’s crash. I have seen rents dropping in La Jolla / UTC area at least 10% with more pressure down….

Does anyone have the numbers on people leaving CA vs coming into CA?

[macromaniac]

Guy,

You would think that is the case but some people move in with family/friends/parents and I think a lot of people are getting out of CA similar to the 90’s crash. I have seen rents dropping in La Jolla / UTC area at least 10% with more pressure down….

Does anyone have the numbers on people leaving CA vs coming into CA?

[macromaniac]

Guy,

You would think that is the case but some people move in with family/friends/parents and I think a lot of people are getting out of CA similar to the 90’s crash. I have seen rents dropping in La Jolla / UTC area at least 10% with more pressure down….

Does anyone have the numbers on people leaving CA vs coming into CA?

[macromaniac]

Guy,

You would think that is the case but some people move in with family/friends/parents and I think a lot of people are getting out of CA similar to the 90’s crash. I have seen rents dropping in La Jolla / UTC area at least 10% with more pressure down….

Does anyone have the numbers on people leaving CA vs coming into CA?

[macromaniac]

Guy,

You would think that is the case but some people move in with family/friends/parents and I think a lot of people are getting out of CA similar to the 90’s crash. I have seen rents dropping in La Jolla / UTC area at least 10% with more pressure down….

Does anyone have the numbers on people leaving CA vs coming into CA?

[4plexowner]

quickest check of moving in vs moving out IMO is www. uhaul.com

10′ truck from san diego to dallas is $1102

same truck from dallas to san diego is $595

when people are coming to san diego instead of leaving, this ratio of prices will change

~

last time I mentioned this quick check at least one poster said I was full of poo-poo

note to that poster: prices have continued to drop and people continue to leave san diego faster than they are moving in

[4plexowner]

quickest check of moving in vs moving out IMO is www. uhaul.com

10′ truck from san diego to dallas is $1102

same truck from dallas to san diego is $595

when people are coming to san diego instead of leaving, this ratio of prices will change

~

last time I mentioned this quick check at least one poster said I was full of poo-poo

note to that poster: prices have continued to drop and people continue to leave san diego faster than they are moving in

[4plexowner]

quickest check of moving in vs moving out IMO is www. uhaul.com

10′ truck from san diego to dallas is $1102

same truck from dallas to san diego is $595

when people are coming to san diego instead of leaving, this ratio of prices will change

~

last time I mentioned this quick check at least one poster said I was full of poo-poo

note to that poster: prices have continued to drop and people continue to leave san diego faster than they are moving in

[4plexowner]

quickest check of moving in vs moving out IMO is www. uhaul.com

10′ truck from san diego to dallas is $1102

same truck from dallas to san diego is $595

when people are coming to san diego instead of leaving, this ratio of prices will change

~

last time I mentioned this quick check at least one poster said I was full of poo-poo

note to that poster: prices have continued to drop and people continue to leave san diego faster than they are moving in

[4plexowner]

quickest check of moving in vs moving out IMO is www. uhaul.com

10′ truck from san diego to dallas is $1102

same truck from dallas to san diego is $595

when people are coming to san diego instead of leaving, this ratio of prices will change

~

last time I mentioned this quick check at least one poster said I was full of poo-poo

note to that poster: prices have continued to drop and people continue to leave san diego faster than they are moving in

[4plexowner]

“Aren’t there more people who are losing their house(in Sandiego), and HAVE to rent because they now can’t qualify/afford a new house then are people who are moving from renters to owners?”

every house that is ‘lost’ becomes one more vacant house to be sold or rented

there could be a time lag between the ‘loss’ and the property becoming a rental (foreclosure / REO process)

as stated by another poster, when the economy contracts people move back in with their family, the kids don’t move out, people double up in apartments, etc – ie, population per housing unit increases – this means fewer housing units are needed which means more surplus housing units which means rents and housing prices continue in their downward spiral

[4plexowner]

“Aren’t there more people who are losing their house(in Sandiego), and HAVE to rent because they now can’t qualify/afford a new house then are people who are moving from renters to owners?”

every house that is ‘lost’ becomes one more vacant house to be sold or rented

there could be a time lag between the ‘loss’ and the property becoming a rental (foreclosure / REO process)

as stated by another poster, when the economy contracts people move back in with their family, the kids don’t move out, people double up in apartments, etc – ie, population per housing unit increases – this means fewer housing units are needed which means more surplus housing units which means rents and housing prices continue in their downward spiral

[4plexowner]

“Aren’t there more people who are losing their house(in Sandiego), and HAVE to rent because they now can’t qualify/afford a new house then are people who are moving from renters to owners?”

every house that is ‘lost’ becomes one more vacant house to be sold or rented

there could be a time lag between the ‘loss’ and the property becoming a rental (foreclosure / REO process)

as stated by another poster, when the economy contracts people move back in with their family, the kids don’t move out, people double up in apartments, etc – ie, population per housing unit increases – this means fewer housing units are needed which means more surplus housing units which means rents and housing prices continue in their downward spiral

[4plexowner]

“Aren’t there more people who are losing their house(in Sandiego), and HAVE to rent because they now can’t qualify/afford a new house then are people who are moving from renters to owners?”

every house that is ‘lost’ becomes one more vacant house to be sold or rented

there could be a time lag between the ‘loss’ and the property becoming a rental (foreclosure / REO process)

as stated by another poster, when the economy contracts people move back in with their family, the kids don’t move out, people double up in apartments, etc – ie, population per housing unit increases – this means fewer housing units are needed which means more surplus housing units which means rents and housing prices continue in their downward spiral

[Author]

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