https://www.thelayoff.com/post/@mfno+1p3OuAhR
Do not renew lease at last year monthly rate. Get at least 25% less rate to account for 2 or 3 months free on new lease and 5+% yoy reduction in rents compared to the last year.
Do not pay more than following...
1bed 600sf $900-1200 950sf $1400-1650... 2bed 900sf $1500-1800 1300-1500sf $1700-2100... 3bed SFH 1500sf $2000-2400 2000sf 2600-3100. Anything more than this and you are are wasting money.
10 replies (most recent on top)
Inventory is increasing rapidly. Sell asap. it helps uou - the sellers. It also helps us - the agents. It keep prices high.
Ding do-g..... good 6/27..... keep it rolling .....
negative job and population growth, post covid return to office. rental inventory increasing. rents dropping. Retired downsizing to move out. sell inventory increasing, days on market increasing. listing price drops. san diego housing correction coming up soon. sell house before august.
tic tock.. tic tock... tic tock... a change is coming like a rock
Salary frozen. Job cuts. How can people afford high rents?
Remember that expenses of a house or condo is owner's responsibilty. They dictated rents when inventory was low. You need not renew your lease at high rent. Use your money for yourself and your family and not landlords.
San Diego rents have been in bubble. Vacancies more than doubled within last year. Do not renew at high rents of 2022 and early 2023. 2bhk 1200sf should go for 2050/month max. 2bhk 900sf for 1800/month max. Rental companies are colluding and they will be in trouble.
Option 3 2000 per month for 12 months
option 1 is 3 months free, pay listed rent of 2800 per month. option 2 is 2100 rent every 12 month. 1200 sf 2bed.
Vote your pick?
Thanks.