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Tuesday, Feb. 27, 2007 | I own several rental properties and pay for sewer and water. Like others in my position I opposed this increase. I have kept rents slightly below market thus attracting grateful and stable tenants and minimizing turnover. Their rents will be increased slightly but most rental owners will pass the full rate increase onto their tenants, just one more factor contributing to the very high cost of living in San Diego.
My tenants work hard to save and advance themselves. Most are in their late 20s and early 30s and express futility in saving enough money to afford a modest home or condo. They find themselves financially trapped in jobs with average wages but with no or minimal health insurance. They’re faced with ever-escalating gas prices, food prices, medical costs, housing and utility expenses.
They have no hope for a future here.