A rental sign outside a North Park apartment complex. Staff photo Yet another example of just how crazy the cost of living especially housing is getting here in San Diego. A new report from the residential rental website RentCafe found that Diego is the state’s fourth-hottest rental market. The competition is fierce: 10 applicants vie for every apartment that comes to market. The occupancy rate is 94.8%, which translates into a full house. According to the report, the surging demand stems from a lack of new apartment construction. The number of units has increased by a mere 0.06%, while 53% of renters renew their leases. “This has led to an RCI score of 76.4, surpassin
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