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...