Rental market topping?

[Mark F.]

I'm seeing absurd rental asking prices on seriously crappy properties in Orange County, CA. Could this be a sign that the rental market is topping? 

Check out the link below, which shows a variation on Dr. Housing Bubble's unscientific market top indicator: "garbage can photography". 

This property is in a so-so area, looks like complete crap, and the asking rent is $2600/month. The realtor didn't even bother to clean up the place for the photos. Is it so easy to rent places out now that you don't even need to make it look good in the photos online? 

http://www.realtor.com/realestateandhomes-detail/1...

[Ralph R.]

Barry H. Not real estate related here but to add a note to your comments. I used to drive 18 wheelers One time we had to pick up a load in southern cal. We got paid by the mile $0.27 per mile. You could drive 10 hrs a day back then. I drove that day and managed to cover 200 miles in my 10 HR shift. That's a total $54 dollars. In 10 hrs!! After that I used to tell people I had been all over the United States and the best view in the entire nation was Southern California in the rear view mirror!! RR