Big Changes in Rent - Los Angeles Rents Down 11%!

[Nick Hedberg]

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%

https://www.zumper.com/blog/lo...