- This topic has 285 replies, 27 voices, and was last updated 16 years, 3 months ago by sdrealtor.
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July 25, 2008 at 1:39 PM #247205July 25, 2008 at 1:45 PM #246994surveyorParticipant
repeats
Rents are going up because there are empty houses (foreclosures), few investors converting those houses into rentals, the former home-owners now becoming renters, and now gas prices making far away properties more expensive.
I don’t forecast a doubling of rents either, but I do think it will go up further.
July 25, 2008 at 1:45 PM #247147surveyorParticipantrepeats
Rents are going up because there are empty houses (foreclosures), few investors converting those houses into rentals, the former home-owners now becoming renters, and now gas prices making far away properties more expensive.
I don’t forecast a doubling of rents either, but I do think it will go up further.
July 25, 2008 at 1:45 PM #247153surveyorParticipantrepeats
Rents are going up because there are empty houses (foreclosures), few investors converting those houses into rentals, the former home-owners now becoming renters, and now gas prices making far away properties more expensive.
I don’t forecast a doubling of rents either, but I do think it will go up further.
July 25, 2008 at 1:45 PM #247210surveyorParticipantrepeats
Rents are going up because there are empty houses (foreclosures), few investors converting those houses into rentals, the former home-owners now becoming renters, and now gas prices making far away properties more expensive.
I don’t forecast a doubling of rents either, but I do think it will go up further.
July 25, 2008 at 1:45 PM #247215surveyorParticipantrepeats
Rents are going up because there are empty houses (foreclosures), few investors converting those houses into rentals, the former home-owners now becoming renters, and now gas prices making far away properties more expensive.
I don’t forecast a doubling of rents either, but I do think it will go up further.
July 25, 2008 at 1:50 PM #246999(former)FormerSanDieganParticipantI just realized I am writing this to a Former SD! Pretty funny, huh ? I’m still in Southern California, though.
July 25, 2008 at 1:50 PM #247152(former)FormerSanDieganParticipantI just realized I am writing this to a Former SD! Pretty funny, huh ? I’m still in Southern California, though.
July 25, 2008 at 1:50 PM #247158(former)FormerSanDieganParticipantI just realized I am writing this to a Former SD! Pretty funny, huh ? I’m still in Southern California, though.
July 25, 2008 at 1:50 PM #247216(former)FormerSanDieganParticipantI just realized I am writing this to a Former SD! Pretty funny, huh ? I’m still in Southern California, though.
July 25, 2008 at 1:50 PM #247220(former)FormerSanDieganParticipantI just realized I am writing this to a Former SD! Pretty funny, huh ? I’m still in Southern California, though.
July 25, 2008 at 2:20 PM #247009anParticipantA 2 bed /2 bath apartment in Mira Mesa was going for $1k in 1997, which is about the bottom of the last cycle. Account for 3% inflation, $1000 in 97 is equivalent to ~$1380 today. So, things must be extremely horrible in order for rent to go back to 1992-93 price adjusted for inflation.
July 25, 2008 at 2:20 PM #247162anParticipantA 2 bed /2 bath apartment in Mira Mesa was going for $1k in 1997, which is about the bottom of the last cycle. Account for 3% inflation, $1000 in 97 is equivalent to ~$1380 today. So, things must be extremely horrible in order for rent to go back to 1992-93 price adjusted for inflation.
July 25, 2008 at 2:20 PM #247168anParticipantA 2 bed /2 bath apartment in Mira Mesa was going for $1k in 1997, which is about the bottom of the last cycle. Account for 3% inflation, $1000 in 97 is equivalent to ~$1380 today. So, things must be extremely horrible in order for rent to go back to 1992-93 price adjusted for inflation.
July 25, 2008 at 2:20 PM #247226anParticipantA 2 bed /2 bath apartment in Mira Mesa was going for $1k in 1997, which is about the bottom of the last cycle. Account for 3% inflation, $1000 in 97 is equivalent to ~$1380 today. So, things must be extremely horrible in order for rent to go back to 1992-93 price adjusted for inflation.
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