Today on the Southern California Real Estate Report we take a look at how rents in San Diego are at an all time high but it doesn't mean the buying is the more affordable option either.
-For a lot of people it is still more affordable to rent, even if they have 20 percent down. This means the rent outlook is pretty good.
-Buying multi-family property is very hard b/c its so competitive and cap rates are so slow.
-A 3 to 4 percent rent growth is healthy for market and we are right around those numbers.
We are, however, seeing more rent concessions and things sit for longer. This might be happening because people are not moving as much around as often.