Los Angeles real estate bubble?

According to the LATimes, Los Angeles rents will rise as much as 6% this year, as both rents and occupancy rates continue to rise. The average rent in Los Angeles county will be about $1500.00, versus $1520 in Orange County, and $1080 in the Inland Empire.

In a rent to buy ratio, Los Angeles County appears much healthier than Orange County. Since the Orange County median housing price is significantly above Los Angeles, while its average rent is not. By that measure, Orange County would appear more bubblish than Los Angeles County.

More on the California real estate bubble.