We love renting to military folks...and we have a high percentage of military families applying to our single family homes. I think you are onto something...perhaps once the Naval housing is completed, there won't be an influx of Naval applicants looking throughout the county. It will be interesting to see if there is a measurable or significant difference.

Dear Curious,
I don't disagree with what Mr. Shapiro said int he previous post, however I am coming at the question from a different perspective.
The school that serves that neighborhood has suffered from a transient population as many of its students do reside in Navy housing. The local school district has tried to maintain manyof its students by bussing them from local naval stations in an effort to keep the population. There is no doubt, though, that having students living in those new units and able to walk to/from school will create the same community atmosphere that the school enjoyed in the past. When schools thrive - it does tend to benefit surrounding housing, both rental and re-sale.

Hi Curious,

As a fellow investor, owning several investment properties, I can attest that the current rental market for Camarillo is not favorable for landlords. Several reasons contribute to this claim:
1) More and more homeowners are losing their homes via a short sale or foreclosure, and most landlords are basing their tenants qualifications more on CREDIT, than qualifications/ability to pay the rent. So, a lot of would-be tenants are being forced to find alternative housing.
2) More and more owner-occupied sellers have been watching their equity diminish, and are now deciding to rent out their properties for the first time, instead of selling for less than some arbitrary "loss" (when compared with '05 prices). This has flooded the market with more homes than usual.
3) Depending on the type of rental, job losses at a local level has contributed to many tenants downsizing to be certain they can afford to keep a roof over their heads.
4) The new naval housing off of Las Posas at the west end of Camarillo, once completed, may cause a plethora of otherwise "temporary" housing rental units to become vacant as employees avd their families relocate to newer, nicer housing.
5) Bacause the local housing market is on fire once again (with very few Active homes for sale under $400K), many rental properties are coming back on the market, as the tenant becomes homeowner.

Here's a link to the 49 ACTIVE rentals on the MLS: