Updated about 5 years ago on . Most recent reply
Big Changes in Rent - Los Angeles Rents Down 11%!
Due to Covid we are seeing many people moving out of higher priced areas and move to more affordable "Zoom Towns" where they can work at a fraction of a price with more space. As a result rents are dropping in many expensive areas.
Are you seeing this in your area? How is this impacting your investing? How long do you think this will last?
- Los Angeles down 11%
- Santa Monica down 15%
- Oxnard up 15%