patrick.net

My prediction:
Hamsters will suddenly elevate from their cages and fly, haphazardly through the air. Meanwhile interest rates will go up 1.2%.

Someone is gonna say, "Rents are going to go through the roof".

bubblesitter says

Someone is gonna say, "Rents are going to go through the roof".

Only if renters have the ability (and willingness) to pay.

golfplan18 says

Home sales volumes will decline, particularly in the Bay Area and the Inland Empire, largely due to a lack of owner occupant buyers. Failed loan modifications will cause delinquencies to remain high; foreclosures will increase. Low down payment loans will come back.

Sales volumes were lower in California in Nov 2014 vs. Nov 2013, by around 10%
Sales volume - DING

Inland Empire days on market grows, Bay Area Unchanged:
http://www.car.org/marketdata/data/countysalesactivity/

"one half" DING

Not Part of Prediction:
(Home prices were slightly higher, by around ~5%)
http://www.dqnews.com/Articles/2014/News/California/RRCA141216.aspx

Deliquency - Nationwide - Down
http://www.federalreserve.gov/releases/chargeoff/delallsa.htm

New Renter says

bubblesitter says

Someone is gonna say, "Rents are going to go through the roof".

Only if renters have the ability (and willingness) to pay.

Last few years the rents increased sharply California. Did renters have the ability and desire to pay more rent? No,they did not. Rent is based on demand and supply of rental properties, not desire and ability to pay rent. If there is only one home for rent in Beverly Hills, a billionaire will get. All others will sleep in Motel 6.

Strategist says

If there is only one home for rent in Beverly Hills, a billionaire will get.

No, he will buy it. :)