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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (6067)	10/17/2002 3:00:18 PM
From: Lizzie Tudor	Read Replies (5) \| Respond to of 306849

I did read a blip this morning that rents are down from, the highs here in the North between 10 and 15%. S.F is like 12.8, Palo Alto 15 Oakland 9 or 10? Rents are down from the highs much more than that in N Ca. Maybe they mean this year. I am renting a SF house for $2100. which would have gone for $3500. in 2000 easy. There are 2 other houses on the street (Noe Valley area) who have been for rent for quite some time, so I'm glad to get the $2100. Other posters here have confirmed this. (this is san jose which is actually a stronger rental market than the more northern areas) Rents have since dropped by 25 percent to 40 percent,* bringing them back to pre-boom days.* sanjose.bizjournals.com L