This is just a function of the markets. If people can't afford to move here, and vacancy increases, then housing prices will naturally drop. I've seen this ha

This is just a function of the markets. If people can't afford to move here, and vacancy increases, then housing prices will naturally drop. I've seen this happen more than a couple of times in the last 15 years. I have no doubt that rent prices will drop sometime in the next couple of years, because the rate of growth is unsustainable. One of my friends moved out of her 2br2ba apartment at Avalon Mission Bay because her rent was increased to 5100/month.