I spoke with ABC10 News about the rent control debate currently affecting San Diego.High rental costs in San Diego are prompting people to pursue rent controls to limit rental increases. I believe the long term solution is more supply of housing. The current supply has not met the demand in our city. Rent control would serve as a short term solution that may not be feasible and may not result in the needed changes.
Watch the video here.
I got the opportunity to talk with The San Diego Union Tribune about the rising costs of apartments in Downtown San Diego. With many new developments comes competition to gain tenants, but the high rents are not drawing in as many renters. Apartment complexes have started to offer concessions to draw in new tenants. I believe the high pricing is a step into drawing in new tenants. It is easier to bring down prices than to raise them. It’s a starting point for these new developments and will help them to find the right asking price.
To read more about this situation and the full article click here.