[quote=sdrealtor]I would agree. I’d add that all the new building will be high end rentals at higher rates. That should pull up rents on low end condos and houses in the nice parts of town.[/quote]
Won’t it just cause prospective tenants to flock to the new construction and shun the older nearby units (similar to what happened in Chula Vista in the last nine years or so)?
I mean, now many units is too much? Isn’t a 5000 + 1800 (6800) unit-projection a little “ambitious?” I understand they will be fairly close to SV but is this REALLY where every incoming worker wants to live given all the choices in this county? And will their REALLY be enough tenants to fill all these units that actually want to live in them?
These projects, if actually built, don’t seem to bode too well for the quality of life of the long-established resident homeowners in MM.
