Exactly my friend, "demand" is another phrase overused quite often. Big corporate and major flipping companies upgrading old residences and jacking it up for a crazy profit. Wish this wasn't our SD reality.
As a landlord, in the last four years my insurance has gone up 30 percent. My taxes are up 19 percent. We had to give all our agents and maintenance staff nice raises, because if we didn't do it, they would just go work somewhere that would. As for maintenance costs, here is an example: the same kitchen faucet through grainger costs 40 percent more than it did four years ago. Do you think I'm just going to absorb all those costs? I have to pass those costs through to the rental rate. It's not greed. It's just math.
@@yootoobvyooer i just googled average US salary and got 63,795, so I would love to see your source. www.ssa.gov/oact/cola/AWI.html i also think the average is an unfair number to go by when san diego is more expensive than a majority of the nation's other cities
All the more reason to move out of California. Friend in Idaho rents 4bd house with 3 car garage and 3 acres of land for $1600. California is no place for anyone, especially not family.
Or we could complain to our political representatives and ask them to do something about it... like stop the obvious insider-trading-market-manipulation that must be taking place due to large corporations controlling so many units.
No, the local government needs to ask. You can’t say “just move” every time something is wrong. That’s the cowards way. We should be fighting and voting for change.
So what about MOST of the people that have been here for generations? Who move to a place where they don’t welcome Californians, where they have no job, no family and their kids have no friends? Yea. Sounds like a great idea 🙄
This is an incredibly deceptive article. Are they basing this rental rate on people who are locked into a rent-control system of some kind? NONE of those communities have any single occupancy apartment homes at those prices/rates - no matter the size of the place. They must be including multi-family (one or many roommates) apartments.
CA is outdoor living but we don't spend all of our time outside. One will not find an apartment at $1500. A studio costs more than that. The Democrats who control this state do nothing to bring down prices. 🙄
$1500 is non existent at this point in SD unless you totally slumming it, and probably still need a roommate at that. I live in same apartment in Escondido 5 years now, 2 bedrooms approx 700 square ft. It was $1800 in 2019 and now I pay $2800 for same spot. If you move in as new tenant it's closer to $3000. That's not including utilities and extra fees. The complex recently gave notice that they would be passing along pest control costs for the area to be divided by tenants and added to monthly utility services. They just keep passing the inflation on. This complex abides by 10% renters control rule. While this is an attempt to be civil, that means that tenants moving in near $3000 mark, will be raised to $3300, per month next year, then and additional 10% following year, which is $330 extra per month. Really don't see where this greedflation is taking the communities. People on fixed incomes, retirees, and families trying to make it out here. A person earning even decent wage will be forced to earn more and work more each year or move to keep up with the increases. Common sense says there's no balance between a 10% yearly increase rate, meanwhile what workplaces are offering 10% or more yearly salaries! Hello, It's a no brainer, this is organized slavery. We need new ways people.
I lived in San Diego between February 2019 to June 2021. I lived in East Village, 13th street. It was beautiful place to live. I used to live in 188 sqft studio apartment and I was paying 1500$ in 2019. In 2021 the rent was already 1750$. After 2.5 years I left San Diego, because I could not live anymore in 188 sqft and with 60K, I was not able to find something suitable.
OOOOoooooohhhhhhh - it's an average rate based on the SIZE of the actual places, which go for $3000 and up for a small one-bedroom, so the $1500 is for HALF of a small one-bedroom, which is just a number, not an actual apartment. Why would they phrase it in this way? It's pointless. Maybe if you are TWO PEOPLE who are looking to share a room, like a "couple" or a "thruple" or a "quadruple" (oh, I guess that's just a quadruple)... THEN it makes sense. SO THIS ARTICLE IS MEANT FOR TWO OR MORE PEOPLE WHO ARE PLANNING ON SHARING A SINGLE BEDROOM, or who will have one person pay a bit more for the bedroom while the other sleeps on a sofabed... well yeah, lots of people do this. I guess it's a form of SHRINKFLATION, only with apartments. (Has anyone else noticed that ice cream containers continue getting smaller while the prices continue to RISE...?!?!)
It’s greed! We bought our 4bed/3bath in 2009 and our mortgage is $2000/month. I guess if we didn’t buy, we’d be pitching up a tent on the beach now! CRAZY!!!
San Diego is not paradise any longer it's too over crowded with too many outsiders that have moved here We the local people don't get to enjoy it and our grown Kids can afford to buy or rent a place .
$1500 gets you a roommate situation at best
I can’t believe there are places available for $1500. If you find it consider yourself very lucky.
That guy is full of it, its not the cost of maintenance or the interest rates is GREED
Exactly my friend, "demand" is another phrase overused quite often. Big corporate and major flipping companies upgrading old residences and jacking it up for a crazy profit. Wish this wasn't our SD reality.
As a landlord, in the last four years my insurance has gone up 30 percent. My taxes are up 19 percent. We had to give all our agents and maintenance staff nice raises, because if we didn't do it, they would just go work somewhere that would. As for maintenance costs, here is an example: the same kitchen faucet through grainger costs 40 percent more than it did four years ago. Do you think I'm just going to absorb all those costs? I have to pass those costs through to the rental rate. It's not greed. It's just math.
And you wonder why the homeless rate is skyrocketing. Rent is too high.
Obviously. And that’s not including how much you need to make for other necessities, like food, water, internet, etc.
We need to get rid of Blackrock!!
I want more black rock that’s why I’m voting for Kamala 2024
@@axidhaus 🤣🤣🤣 You need to educate yourself
A storage unit
Back in 2007 I rented a 4 bed room house with a 3 car garage in Mira Mesa for $1700 a month 😂
Wow…that’s livable! Not so livable now😢
and you are supposed to make 3 times your rent every month LOL
Average US wage is $75000 per year or $6250 per month. 1/3 is $2083.
@@yootoobvyooer i just googled average US salary and got 63,795, so I would love to see your source.
www.ssa.gov/oact/cola/AWI.html
i also think the average is an unfair number to go by when san diego is more expensive than a majority of the nation's other cities
That’s before taxes. $75,000… no way to show that kind of income per month.
@@yootoobvyooer "The average salary in the U.S. is $63,795, according to the latest data from the Social Security Administration (for 2024)."
@@yootoobvyooerthe average US wage is no where near that wtf are you on
you joking . A 1bedroom here in Miramesa cost 2700
A bike is about all you could fit in 400 sqft😂
Free if you're illegal
There is a financial benefit to the rich to keep people struggling.
Profit over people.
and jobs still want to try to pay you $15 an hour 🥴
All the more reason to move out of California. Friend in Idaho rents 4bd house with 3 car garage and 3 acres of land for $1600. California is no place for anyone, especially not family.
Or we could complain to our political representatives and ask them to do something about it... like stop the obvious insider-trading-market-manipulation that must be taking place due to large corporations controlling so many units.
No, the local government needs to ask. You can’t say “just move” every time something is wrong. That’s the cowards way. We should be fighting and voting for change.
@@realcreature3D Says the Democrat who has allowed and continues to allow 1,000's of migrants to live here? THAT is your solution?
So what about MOST of the people that have been here for generations? Who move to a place where they don’t welcome Californians, where they have no job, no family and their kids have no friends? Yea. Sounds like a great idea 🙄
@realcreature3D Says the Democrat who has allowed and continues to allow 1,000's of migrants to live here? THAT is your solution?
This is an incredibly deceptive article. Are they basing this rental rate on people who are locked into a rent-control system of some kind? NONE of those communities have any single occupancy apartment homes at those prices/rates - no matter the size of the place. They must be including multi-family (one or many roommates) apartments.
CA is outdoor living but we don't spend all of our time outside. One will not find an apartment at $1500. A studio costs more than that. The Democrats who control this state do nothing to bring down prices. 🙄
I remember living there in 2012 and renting a ranch home with 2 other people for $750. At the time the home was worth 400k. This was in Clairemont.
$1500 is non existent at this point in SD unless you totally slumming it, and probably still need a roommate at that. I live in same apartment in Escondido 5 years now, 2 bedrooms approx 700 square ft. It was $1800 in 2019 and now I pay $2800 for same spot. If you move in as new tenant it's closer to $3000. That's not including utilities and extra fees. The complex recently gave notice that they would be passing along pest control costs for the area to be divided by tenants and added to monthly utility services. They just keep passing the inflation on. This complex abides by 10% renters control rule. While this is an attempt to be civil, that means that tenants moving in near $3000 mark, will be raised to $3300, per month next year, then and additional 10% following year, which is $330 extra per month. Really don't see where this greedflation is taking the communities. People on fixed incomes, retirees, and families trying to make it out here. A person earning even decent wage will be forced to earn more and work more each year or move to keep up with the increases. Common sense says there's no balance between a 10% yearly increase rate, meanwhile what workplaces are offering 10% or more yearly salaries! Hello, It's a no brainer, this is organized slavery. We need new ways people.
I lived in San Diego between February 2019 to June 2021. I lived in East Village, 13th street. It was beautiful place to live. I used to live in 188 sqft studio apartment and I was paying 1500$ in 2019. In 2021 the rent was already 1750$. After 2.5 years I left San Diego, because I could not live anymore in 188 sqft and with 60K, I was not able to find something suitable.
I used to have a 2bd apartment in Encinitas for this price… not to many years ago.
OOOOoooooohhhhhhh - it's an average rate based on the SIZE of the actual places, which go for $3000 and up for a small one-bedroom, so the $1500 is for HALF of a small one-bedroom, which is just a number, not an actual apartment. Why would they phrase it in this way? It's pointless. Maybe if you are TWO PEOPLE who are looking to share a room, like a "couple" or a "thruple" or a "quadruple" (oh, I guess that's just a quadruple)... THEN it makes sense. SO THIS ARTICLE IS MEANT FOR TWO OR MORE PEOPLE WHO ARE PLANNING ON SHARING A SINGLE BEDROOM, or who will have one person pay a bit more for the bedroom while the other sleeps on a sofabed... well yeah, lots of people do this. I guess it's a form of SHRINKFLATION, only with apartments. (Has anyone else noticed that ice cream containers continue getting smaller while the prices continue to RISE...?!?!)
Just consider $5/sf as your formula. And go up from there. I don’t see the value for life in SD in 2024 at those rates.
The democrats have these Damm rents high
$20 an hour minimum wage and people still can't afford $1,500 rent.
It’s greed! We bought our 4bed/3bath in 2009 and our mortgage is $2000/month. I guess if we didn’t buy, we’d be pitching up a tent on the beach now! CRAZY!!!
You can get a nice place in Fresno and its neighbor Clovis is growing fast
That's a parking space or a tent lot I would guess?
$1500 lolololol its $2500 for a 1 bedroom apartment in a bad neighborhood SD is not worth it anymore
Escondido, Chula Vista and Oceanside! omg the best places to live in SD (I am retarded)
… wait, retarded or retired? Because those are two very different people things? 😅
A toilet 😂
What is that?...
Is there a google link?
$1500? Lol 😂
i only pay 900 a month in San Diego , and my tent has over 110 square feet
San Diego is not paradise any longer it's too over crowded with too many outsiders that have moved here We the local people don't get to enjoy it and our grown Kids can afford to buy or rent a place .