Nate Kunes Nat Kunes

San Diego is has joined Los Angeles and San Francisco on the list of the most expensive apartment markets in the country, according to a new national report from AppFolio and ALN. In Los Angeles and San Francisco, the high rents have resulted in community debates over affordable housing, development and rent control. Now that San Diego has joined the list, the market may be headed down a similar road. San Diego renters are already showing upset over the increased rents, with a recent rental survey from Apartment List giving apartment affordability a D rating.

“All of these top cities are having affordability issues, and they are starting to garner the attention of state and local governments to solve the affordable housing needs,” Nat Kunes, VP of product management at AppFolio, tells GlobeSt.com. “Because there aren’t a lot of local programs for affordable housing, people are using Section 8 vouchers and housing choice vouchers to supplement. We are seeing a lot of restrictions on new construction. For example, every new apartment building that gets built, a certain percentage of the units have to be designated as affordable. We are seeing a lot of new construction fall under those guidelines in some cities, and I suspect the San Diego will follow.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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