Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > San Diego
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-23-2008, 10:37 AM
 
124 posts, read 376,888 times
Reputation: 56

Advertisements

I believe the rental market is not as tight as in highly populated cities such as NYC. But rent in SD has been pretty steady and sometimes going up recently. Do you guys have similar observations?
Reply With Quote Quick reply to this message

 
Old 02-23-2008, 05:11 PM
 
Location: Tijuana Exurbs
4,537 posts, read 12,397,477 times
Reputation: 6280
I happened to glance in at a presentation about the rental market in San Diego, and the speaker (Fall 07) mentioned that for the first time in several years rents in San Diego were rising faster than inflation. This is part of the process, For Sale housing declining - rentals rising, that is close to bringing the San Diego housing market back into line. The people who are not buying the For Sale housing are seeking rentals and driving up the price. It's sort of like how when new car sales slump, and the Auto Mfgs offer DEALS! DEALS! DEALS!, the used car salesmen are jacking up their prices to make hay because of the switch in demand to their product. The two markets (Rental/For Sale) operate on an inverse function.
Reply With Quote Quick reply to this message
 
Old 02-24-2008, 11:07 AM
 
365 posts, read 1,418,941 times
Reputation: 53
Rent in SD averages 5.5% annually. This is as a whole though. Some areas are a lot more. The reason, I believe, many talk about buying over renting is that rent is higher on an annual basis than a mortgage and the ability to deduct it on taxes. You should be able to find a great place to rent, just be sure to sign a longer agreement if you know you will be there for a while. The difference between month-to-month could be up to $300/mo. difference depending on where you look. A guy I'm working with is done renting because their rent will increase $200 the end of March to nearly $2,000. Don't buy though if you cant see yourself there for about 4 years. Good luck with your search!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > San Diego

All times are GMT -6. The time now is 03:10 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top