92122 UTC: What im seeing

[Robert Comstock]

So I'm a condo owner in UTC.  I bought my property back in 2012 just before the "Property Value Moon Launch" and I have noticed a few things going on that I wanted to discuss.

Observation 1.  Rentals in the area are charging about 1000-1400 per bed room (I like to relate price to bed since student rentals here kind of revolve around that Idea and seems to be a significant factor.....how much does Mom and Dad need to pay to keep Johnny UCSD student Housed.  This means property purchased back in 2012 is just starting to cash flow nicely.

Observation 2.  Last month sales here on the top end (1mil +) houses have started to stall.  Initial offering prices are dropping (slightly) in this range and houses are on the market longer.

Observation 3.  Bottom End housing (2 bed condos) are bumping up above 400K, and don't seem to fly off the shelf....but are still moving.

Observation 4.  A lot of rental product is just now hitting the market and will be coming on line in the near future.  A condo high rise building is currently being built onsite of the UTC shopping mall....another high rise across from the mall is just coming online....I think they are now renting.

Observation 5. The homeless caravan (aka the trolley) will soon have direct access into the heart of UTC.  Property around the trolley line has already started discounting a bit

Soo the question is do you think the value for UTC rental property is going to be capped out for the foreseeable future?

Opinions?