Want the news summarized?
Subscribe to The Morning Report.

A reader passed along a few links to some very high-end homes listed for rent on Craigslist. Here’s one in La Jolla asking for a monthly rent of $11,800. And here’s a six-bedroom, 4.5-bathroom home in Point Loma seeking $7,500 a month.

We’ve known for a while that homeowners — instead of selling for less than they think they deserve (or less than they owe on a mortgage) — are turning to rent out their houses and wait out the market. I’m curious: How successful are these homeowners in finding a tenant willing to pay that much to rent a place?

I wrote about a few desperate homeowners in that situation, renting their houses out, who raised their asking rent prices after the fires last fall. Owners of 20 of the 118 rental listings on the MLS in the communities of Poway, Rancho Bernardo, 4S Ranch, Santaluz and Rancho Peñasquitos had raised their rents in the 10 days since the fire had started last October.

Where have you seen people with houses for rent at prices like this? Have you seen them find success with landing tenants willing to pay that? Send me an e-mail: kelly.bennett@voiceofsandiego.org.

KELLY BENNETT

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.