Whats up with rent prices

[EconProf]

Absent a big recession, rents will keep going up at the 3 – 4% pace they have been in recent years. The best indicator of future rents is the vacancy rate, and it is not high or likely to go up much given the dropoff in construction. A big outmigration of people, of course, would change everything in the rental arena.

[surveyor]

rents!

Look for rents to go up as gas prices, empty houses, and more renters push up rental prices.

If you start to see a lot of flippers and investors buying in Poway, then rents will start going down a few months later, as the flippers and investors start converting empty housing into rental grade or purchase grade properties.

I will say though that I see a lot of pressure in the sub $2k rental market, while there is a lot of softness in the higher than $2k rental market. Still, it’s not like there’s a lot of variation in Poway, so the one you have, while not a large house, still sounds like a decent deal. Large lot sizes are pretty rare in the inner portions of San Diego county, so those will always go at a premium. You gotta go to Ramona or east San Diego county before you can start seeing some softness.

Poway also has a decent employer base.

[surveyor]

rents!

Look for rents to go up as gas prices, empty houses, and more renters push up rental prices.

If you start to see a lot of flippers and investors buying in Poway, then rents will start going down a few months later, as the flippers and investors start converting empty housing into rental grade or purchase grade properties.

I will say though that I see a lot of pressure in the sub $2k rental market, while there is a lot of softness in the higher than $2k rental market. Still, it’s not like there’s a lot of variation in Poway, so the one you have, while not a large house, still sounds like a decent deal. Large lot sizes are pretty rare in the inner portions of San Diego county, so those will always go at a premium. You gotta go to Ramona or east San Diego county before you can start seeing some softness.

Poway also has a decent employer base.

[surveyor]

rents!

Look for rents to go up as gas prices, empty houses, and more renters push up rental prices.

If you start to see a lot of flippers and investors buying in Poway, then rents will start going down a few months later, as the flippers and investors start converting empty housing into rental grade or purchase grade properties.

I will say though that I see a lot of pressure in the sub $2k rental market, while there is a lot of softness in the higher than $2k rental market. Still, it’s not like there’s a lot of variation in Poway, so the one you have, while not a large house, still sounds like a decent deal. Large lot sizes are pretty rare in the inner portions of San Diego county, so those will always go at a premium. You gotta go to Ramona or east San Diego county before you can start seeing some softness.

Poway also has a decent employer base.

[surveyor]

rents!

Look for rents to go up as gas prices, empty houses, and more renters push up rental prices.

If you start to see a lot of flippers and investors buying in Poway, then rents will start going down a few months later, as the flippers and investors start converting empty housing into rental grade or purchase grade properties.

I will say though that I see a lot of pressure in the sub $2k rental market, while there is a lot of softness in the higher than $2k rental market. Still, it’s not like there’s a lot of variation in Poway, so the one you have, while not a large house, still sounds like a decent deal. Large lot sizes are pretty rare in the inner portions of San Diego county, so those will always go at a premium. You gotta go to Ramona or east San Diego county before you can start seeing some softness.

Poway also has a decent employer base.

[surveyor]

rents!

Look for rents to go up as gas prices, empty houses, and more renters push up rental prices.

If you start to see a lot of flippers and investors buying in Poway, then rents will start going down a few months later, as the flippers and investors start converting empty housing into rental grade or purchase grade properties.

I will say though that I see a lot of pressure in the sub $2k rental market, while there is a lot of softness in the higher than $2k rental market. Still, it’s not like there’s a lot of variation in Poway, so the one you have, while not a large house, still sounds like a decent deal. Large lot sizes are pretty rare in the inner portions of San Diego county, so those will always go at a premium. You gotta go to Ramona or east San Diego county before you can start seeing some softness.

Poway also has a decent employer base.

[peterb]

Demand is still high for rents. But Rich dealt with this issue a couple of months back. His historical analysis showed that rents actually went down ~5% during the last real estate down cycle in the early 1990’s. But if you look at net migration, it was negative. So, we need to see people leaving the area for rents to get soft. Also, everyone that’s evicted at the end of a foreclosure needs to rent somewhere to live. If buyers cant get at the foreclosure inventory to live in or rent out, then that’s added pressure to the rental market as more people look to rent and less home are initially available. This should change a lot in the next 12 months.

[peterb]

Demand is still high for rents. But Rich dealt with this issue a couple of months back. His historical analysis showed that rents actually went down ~5% during the last real estate down cycle in the early 1990’s. But if you look at net migration, it was negative. So, we need to see people leaving the area for rents to get soft. Also, everyone that’s evicted at the end of a foreclosure needs to rent somewhere to live. If buyers cant get at the foreclosure inventory to live in or rent out, then that’s added pressure to the rental market as more people look to rent and less home are initially available. This should change a lot in the next 12 months.

[peterb]

Demand is still high for rents. But Rich dealt with this issue a couple of months back. His historical analysis showed that rents actually went down ~5% during the last real estate down cycle in the early 1990’s. But if you look at net migration, it was negative. So, we need to see people leaving the area for rents to get soft. Also, everyone that’s evicted at the end of a foreclosure needs to rent somewhere to live. If buyers cant get at the foreclosure inventory to live in or rent out, then that’s added pressure to the rental market as more people look to rent and less home are initially available. This should change a lot in the next 12 months.

[peterb]

Demand is still high for rents. But Rich dealt with this issue a couple of months back. His historical analysis showed that rents actually went down ~5% during the last real estate down cycle in the early 1990’s. But if you look at net migration, it was negative. So, we need to see people leaving the area for rents to get soft. Also, everyone that’s evicted at the end of a foreclosure needs to rent somewhere to live. If buyers cant get at the foreclosure inventory to live in or rent out, then that’s added pressure to the rental market as more people look to rent and less home are initially available. This should change a lot in the next 12 months.

[peterb]

Demand is still high for rents. But Rich dealt with this issue a couple of months back. His historical analysis showed that rents actually went down ~5% during the last real estate down cycle in the early 1990’s. But if you look at net migration, it was negative. So, we need to see people leaving the area for rents to get soft. Also, everyone that’s evicted at the end of a foreclosure needs to rent somewhere to live. If buyers cant get at the foreclosure inventory to live in or rent out, then that’s added pressure to the rental market as more people look to rent and less home are initially available. This should change a lot in the next 12 months.

[Coronita]

bumping this top to get all the politics OT threads at the bottom.

[Coronita]

bumping this top to get all the politics OT threads at the bottom.

[Coronita]

bumping this top to get all the politics OT threads at the bottom.

[Coronita]

bumping this top to get all the politics OT threads at the bottom.

[Author]

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