Where rents are headed?

[DWCAP]

While I agree with what FSD has said, we need to be alittle carefull in equating populations. Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is. Number of households may be a better indicator of overall housing demand than total population. I dont know where to get total number of households, I am sure it is in the gov data, but I dont care to spend much time looking.

[bjensen]

We had an interesting thread that BobS, Rich and others joined in on regarding rents. You might want to check it out…

http://piggington.com/will_rents_create_a_price_floor_despite_the_mini_rental_bubble

[bjensen]

We had an interesting thread that BobS, Rich and others joined in on regarding rents. You might want to check it out…

http://piggington.com/will_rents_create_a_price_floor_despite_the_mini_rental_bubble

[bjensen]

We had an interesting thread that BobS, Rich and others joined in on regarding rents. You might want to check it out…

http://piggington.com/will_rents_create_a_price_floor_despite_the_mini_rental_bubble

[bjensen]

We had an interesting thread that BobS, Rich and others joined in on regarding rents. You might want to check it out…

http://piggington.com/will_rents_create_a_price_floor_despite_the_mini_rental_bubble

[bjensen]

We had an interesting thread that BobS, Rich and others joined in on regarding rents. You might want to check it out…

http://piggington.com/will_rents_create_a_price_floor_despite_the_mini_rental_bubble

[(former)FormerSanDiegan]

Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is.

According to the Census bureau here are the numbers for average household size in San Diego county

2000: 2.73

2006: 2.72

During this period …
The net population increased by 127,000 people
The net outmigration was about 100,000 people.

Therefore this included an increase of 227,000 people solely due to foreign immigration and birth. These are likely heavily weighted toward immigrants from Latin America and births of those with Latin-American heritage.

227,000 is over 10% of the county population. Yet, this large demographic shift results in less than 1/2 of 1% change in the size of households.

Therefore, the anecdotal observation that immigrants live more to a household is not reflected in actual data.

Sources:
1. Census Bureau – http://factfinder.census.gov/home/saff/main.html?_lang=en

2. U-T Article cited previously in this thread with respect to net migration.

[(former)FormerSanDiegan]

Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is.

According to the Census bureau here are the numbers for average household size in San Diego county

2000: 2.73

2006: 2.72

During this period …
The net population increased by 127,000 people
The net outmigration was about 100,000 people.

Therefore this included an increase of 227,000 people solely due to foreign immigration and birth. These are likely heavily weighted toward immigrants from Latin America and births of those with Latin-American heritage.

227,000 is over 10% of the county population. Yet, this large demographic shift results in less than 1/2 of 1% change in the size of households.

Therefore, the anecdotal observation that immigrants live more to a household is not reflected in actual data.

Sources:
1. Census Bureau – http://factfinder.census.gov/home/saff/main.html?_lang=en

2. U-T Article cited previously in this thread with respect to net migration.

[(former)FormerSanDiegan]

Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is.

According to the Census bureau here are the numbers for average household size in San Diego county

2000: 2.73

2006: 2.72

During this period …
The net population increased by 127,000 people
The net outmigration was about 100,000 people.

Therefore this included an increase of 227,000 people solely due to foreign immigration and birth. These are likely heavily weighted toward immigrants from Latin America and births of those with Latin-American heritage.

227,000 is over 10% of the county population. Yet, this large demographic shift results in less than 1/2 of 1% change in the size of households.

Therefore, the anecdotal observation that immigrants live more to a household is not reflected in actual data.

Sources:
1. Census Bureau – http://factfinder.census.gov/home/saff/main.html?_lang=en

2. U-T Article cited previously in this thread with respect to net migration.

[(former)FormerSanDiegan]

Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is.

According to the Census bureau here are the numbers for average household size in San Diego county

2000: 2.73

2006: 2.72

During this period …
The net population increased by 127,000 people
The net outmigration was about 100,000 people.

Therefore this included an increase of 227,000 people solely due to foreign immigration and birth. These are likely heavily weighted toward immigrants from Latin America and births of those with Latin-American heritage.

227,000 is over 10% of the county population. Yet, this large demographic shift results in less than 1/2 of 1% change in the size of households.

Therefore, the anecdotal observation that immigrants live more to a household is not reflected in actual data.

Sources:
1. Census Bureau – http://factfinder.census.gov/home/saff/main.html?_lang=en

2. U-T Article cited previously in this thread with respect to net migration.

[(former)FormerSanDiegan]

Population demographics are not the same between those moving in and those moving out. Immigrants tend to live more to a house/apt than Americans, so demand is not necessary rising just because population is.

According to the Census bureau here are the numbers for average household size in San Diego county

2000: 2.73

2006: 2.72

During this period …
The net population increased by 127,000 people
The net outmigration was about 100,000 people.

Therefore this included an increase of 227,000 people solely due to foreign immigration and birth. These are likely heavily weighted toward immigrants from Latin America and births of those with Latin-American heritage.

227,000 is over 10% of the county population. Yet, this large demographic shift results in less than 1/2 of 1% change in the size of households.

Therefore, the anecdotal observation that immigrants live more to a household is not reflected in actual data.

Sources:
1. Census Bureau – http://factfinder.census.gov/home/saff/main.html?_lang=en

2. U-T Article cited previously in this thread with respect to net migration.

[DWCAP]

huh, thanks FSD, good to know. In SD’s case, I guess it has remained the same.

[DWCAP]

huh, thanks FSD, good to know. In SD’s case, I guess it has remained the same.

[DWCAP]

huh, thanks FSD, good to know. In SD’s case, I guess it has remained the same.

[DWCAP]

huh, thanks FSD, good to know. In SD’s case, I guess it has remained the same.

[Author]

Posts