Are you worried about the rising rents in your city? You're not alone. San Diego Realtor Clayton Connolly will look at what's causing rents to go up, and some ways to protect yourself. We explore some reasons behind rising rents and offer other ways for renters!

This is Clayton, your real estate captain speaking. And today I want to share about a topic that is pretty heavy on my heart right now, and that is about rising rents in San Diego. In the last decade particularly, San Diego has just gone crazy. It's got one of the highest millennial populations in the country. It's the craft beer capital. It's got some amazing weather. And even just, you know, with the internet over the course of the last couple decades, it's had so much attention.

So what does that mean? The quality of life here is absolutely amazing and people want to live here. When I first began in real estate, I had thought about, you know, renting where you want to live is fine. Maybe you can delay home ownership. These days, here's my concern. I'm watching people leave San Diego, 'cause they can no longer afford to live here. They want to live here, but with rents going up, they can't do that. So here's the thing, if you're renting right now, and if you have a history of renting, you've probably experienced over time, your rents have gone up. Guess what?

That's going to continue going up as long as San Diego stays awesome. Here's why. To the west, in San Diego, you have the ocean. To the south, you have Mexico. To the east, you have some mountains. And to the north you have Camp Pendleton. And basically what that means is this. There's not a lot of room for San Diego to expand like, say, Las Vegas that can just build out in any direction.

That means there's a supply and demand issue in San Diego and there's simply not enough supply to house everybody. So here's my petition to you. If you are renting and you have hopes to stay in San Diego, let's get together and talk about how to consider purchasing a home. It may be a stretch financially, maybe not, but it's absolutely worth considering right now, because I would love it if you wanted to be a homeowner and had an opportunity to do it and 10 years down the road, you're like, "That's the best decision I ever made.

I bought a home in a city that's amazing, that's going to continue to appreciate in value. I got off the rent, you know, escalator and I can enjoy a life in the community I want to live." The alternative is continue to ride the rents until you can't afford it anymore and potentially have to leave. I don't want to see that. If you haven't had an opportunity yet to even discuss home ownership, I'd love to talk with you about it. You'd probably be really surprised at the possibilities that are right under your nose. If this is something that's of interest to you, reach out and I'd love to schedule a one on one consultation and just explore the possibilities with you.

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