Yeah. I was driving through Mountain View & Palo Alto yesterday and basically every apartment complex has a "For lease!" sign on it, many with generous move-in

Yeah. I was driving through Mountain View & Palo Alto yesterday and basically every apartment complex has a "For lease!" sign on it, many with generous move-in specials. The steady stream of moving vans leaving the area hasn't abated, either - it's the end of month, and I've heard at least 3 of them being loaded up in my neighborhood in the last day. I suspect rents are going to fall further, too, because there are still a lot of vacancies. They're down maybe $200 on a $2000/mo 1BR, which is a lot in percentage terms but is still an awfully high rent when about 20% of units are vacant.