Tag: renting

Photo by Joe WilcoxSep 22, 202310:12 pm

The Winslow at Night

University Heights’ biggest, newest apartment complex—with 379 units—is anything but affordable housing. Rentals at the Winslow start at $2,400 for a 484-square-foot studio and go up to $5,945 for 1300-sq-ft apartment with two bedrooms and baths. San Diego officials propagate the myth that building more residences will decrease housing costs and therefore increase availability across lower income brackets.

But the opposite is reality: As newer complexes open, higher rents go with them, lifting the so-called “market rate” that other landlords watch as measure for what they charge their tenants. More is more, meaning rents rise with the new builds raised.

Photo by Joe WilcoxJul 20, 202310:44 pm

Thinking About Moving?

Anyone not battened down with an exceptionally good-paying job or affordable home ownership should be thinking about fleeing from San Diego. My wife and I talk about doing so every day—not nearly but with certainty every. Rents rocket and home prices are beyond escape velocity.

According to Zillow, the city ranks third nationwide for highest average rents—behind New York and ahead of San Francisco. Yikes! Point2 crunches home prices, and you’ll need binoculars to see how high they are. Among the 30 largest U.S. cities, San Diego ranks fourth for the number of listings above $1 million (58.6 percent). Median home price: $910,000.

Photo by Joe WilcoxJul 12, 202310:06 pm

The Winslow

Sometime soon, I will share more about the evolution of the apartment complex that now occupies the property where was New Vision Christian Fellowship. I remember when families and old folks lined up for free food Fridays. Now the church’s former location is a cathedral for, according to promotional material, a “truly timeless, amenity-rich living experience”. Oh yeah?

The massive, block-long mixed-use structure, Winslow, packs in 379 apartments, which will lease in staggered fashion over the coming months. At a time when San Diego touts new buildings like this one as being the forebears of more affordable housing, Winslow rental prices sure make me wonder how.

Photo by Joe WilcoxJul 11, 202310:14 pm

San Diego Rents Exceed San Francisco

Holy doggie do-do, Batman. San Diego reached another shocking milestone in the housing market. Average rents are higher than San Francisco and rank third among American cities. No wonder homelessness rises across the county. Crapola, this stinks—for us peons. Landlords likely feel differently, eh.

Zillow has the skinny in its June 2023 rental report, which observes that “the most expensive major market is San Jose, where typical monthly rent is $3,411, followed by the New York City metro area ($3,405), San Diego ($3,175), San Francisco ($3,168), and Boston ($3,045)”. Maybe you don’t see $7 as all that meaningful, but SF is notoriously known for being a pricey market for housing. Not San Diego.

Photo by Joe WilcoxJun 22, 202310:06 pm

The Caustic Costs of San Diego Housing

Some posts need little explanation, because the numbers so clearly speak for themselves. Based on a report from a Chamber of Commerce, the median annual income in San Diego is $66,536. The median monthly rent for a one-bedroom residence (presumably apartment): $2,543. Based on a “rent-to-income ratio of 30 percent”, the yearly salary necessary for that same flat: $101,720. Ah, yeah.

That’s an income shortfall of $35,184. Stated differently, that median one-bedroom costs $30,516 over 12 months. And that ignores other intangibles that jack up the cost of living. How much? San Diego ranks No. 1 in U.S. News World Report’s list of the “Most Expensive Places to Live in the U.S. in 2023-2024“. Hell, what an honor!

Photo by Joe WilcoxMay 2, 202310:15 pm

All The Time (Zones) in the World

What do you make of this? The area along the Kindred Hospital property in San Diego village of University Heights is a bit of a homeless campsite. Makeshift tents tucked behind utility boxes or covered bodies stretched out on grass are commonly seen. Shopping carts chock full of junk—eh, personal belongings— are navigational hazards. Weave as you walk!

A lone cart containing a time-zone map of the world made an impression for seeming so out of place by any measure. Who did it belong to? Why did he or she abandon it? Was the wall hanging free for the taking? Discarded? Forgotten? You know, the shopping cart got left behind—accidentally detached from several carts strung together.

Photo by Joe WilcoxJan 12, 20239:26 pm

What Would You Pay to Live Here?

Zillow lists 30 places for rent in my neighborhood of University Heights. You are looking at the most expensive: $5,950 per month. For a rent like that, I think Manhattan or San Francisco—not a somewhat middleclass area of San Diego. But, hey, the deposit is only $5500 (plus another $500, if you have a small pet). Lucky you.

Strangely, the place is a bargain, because half-a-block distance is a $5,450 rental that may be less monthly but poorer value for the size:1,450 square feet, compared to 2,325 sq ft for the pricier property.

Photo by Joe WilcoxJan 9, 202310:00 pm

If They Allowed Cats, I Just Might

The house directly across the street from where we used to live in Kensington, Md is available for rent—and for less than what the monthly increase will soon be for our San Diego apartment. My wife discovered the listing last night, and I called about the place this morning. A house. Huge yard. Just outside the Washington Beltway. The Metro-area that for both of us still feels the most like home. Alas, pets aren’t allowed.

Besides, the Featured Image is a gritty reminder that the Mid-Atlantic region most certainly has four seasons, unlike Southern California. I used Canon PowerShot S20 to make the moment twenty years ago! How coincidental: Feb., 17, 2003. Vitals: f/5.6, ISO 62, 1/125 sec, 6.5mm; 9:27 a.m. EST.

Photo by Joe WilcoxAug 21, 20229:58 pm

Rising Rents Make This Place Almost Affordable Housing

When BLVD North Park—located in University Heights, by the way—started taking applications in summer 2019, projected rents ranged from $1,970 to $4,500. Fast-forward three years, and you might as well start selling off organs to pay for the astronomical increases locally. According to Rent.com: “The average rent for apartments in San Diego, Calif., is between $2,379 and $5,205 in 2022″—for studio and three-bedroom, respectively. One bed: $2,889, up from $2,300 in mid-2019. Two: $3,778, up from $2,823 during the same time period.

Maybe prospective renters should feel good about BLVD North Park, which rates aren’t monumentally pumped up—being already lofty before dramatic increases across the region. An 831-square-foot two beds and baths goes for $3,700, according to a listing on Trulia. That’s within the range that I recall—rightly, hopefully—when the BLVD property opened to residents.

Photo by Joe WilcoxAug 9, 20229:52 pm

San Diego Housing is Beyond You

What I want to know: Who rented this University Heights home? When my wife and I passed by on Aug. 3, 2022, a “For Rent” sign welcomed interest—well, until looking at the asking price of, uh-hum, $5,450 monthly. Granted, by square feet, the place is one of the larger houses in our San Diego neighborhood. But who commits to $65,400—more than an annual salary for many locals—to rent?

Buying is no bargain. One of the, ah, affordable homes for sale nearby lists for $1.1 million. Zillow estimates a monthly mortgage payment, along with insurance and taxes, of $5,797; that’s after 20 percent down. Who can afford to buy? Answer: The fine folks at Visual Capitalist rank San Diego as the nation’s third costliest home market, with a median price of $905,000. Necessary salary: $166,828.

Photo by Joe WilcoxApr 29, 20229:42 pm

Fenced Out of Affordable Housing

My daughter rents storage space at one of the local facilities. From my infrequent trips to the place over the years, I have observed stark changes. For starters: An increasing number of people, many of them clearly employed, living out of a vehicle and storing their stuff. With the cost of housing so incredulously expensive in San Diego, these working nomads are not surprising to find. What shocks is how many more I see compared to 18 months ago.

Since a new report about residential renting released this week, I will focus on that topic and let be soaring home selling prices for another time. (If you can’t wait: “Pop Goes Another Housing Bubble” and “Simply Stated: San Diego Unaffordable Housing“.) According to Zumper, rents rose 31.3 percent year-over-year in April 2022. “As a result, San Diego has leapfrogged San Jose and Los Angeles to become the nation’s fifth most expensive city”. Ugh, and I know it’s a fact from watching rents relentlessly rise.

Photo by Joe WilcoxApr 3, 202212:02 am

The Cats of University Heights: Leo, Too

The series‘ second Leo is housemate to Wilbur, whom we met yesterday. I have only seen the ginger once, on Jan. 31, 2022, and continue efforts to clear up a surprising backlog of photographed but not yet published kitties.

About 52 percent of San Diego’s housed residents rent, and with monthly rates rising there has been tremendous turnover during the past 12 months—spurred in part by Silicon Valley tech employees relocating now that they can work at home. You can either blame or credit SARS-CoV-2 (severe acute respiratory syndrome Coronavirus 2)/COVID-19 lockdowns and mandates for the migration—also explanation for fresh cat sightings.