According to a report, America's Finest City, San Diego, tops the list for having the most unaffordable housing market in the country, surpassing Los Angeles and San Francisco. After reading the report, Cusick takes a chance and moves out of state. Granny flats can be used to help make rents more affordable for service professionals, such as teachers, police officers and nurses, anyone earning an average salary in San Diego without noticeably changing the neighborhood. As prices rise, San Diegoans are feeling the crisis as it becomes more difficult to maintain their standard of living.
San Diego's elected leaders and government bureaucrats have been working on affordable housing for years, but sadly their efforts haven't been largely successful. Home prices fell 4.2% in San Francisco over the past year, the steepest drop of any of the 50 metropolitan markets measured by OJO Labs.
San DiegoAmerica's Finest City tops the list for having the most unaffordable housing market in the country, according to a new report. With the generous support of readers like you, Times of San Diego publishes timely and accurate news for a better-informed community.
Battiata says more remote workers and people who choose not to sell are also contributing to the housing crisis in San Diego. Median home prices are still higher in San Francisco than in San Diego, but homes there are considered more affordable due to higher average incomes. The city outperformed its northern California neighbor, notoriously expensive San Francisco, earlier this year, according to a report by real estate analysis firm OJO Labs. One of the most damaging factors driving San Diego's affordable housing crisis has to be the city's costly and time-consuming permitting process.
SAN DIEGO (KUSI) — A new study from OJO Labs found that San Diego has surpassed San Francisco & Los Angeles as the least affordable city in the United States. As voters approved costly school bond initiatives and politicians lobbied for costly climate action mandates, the cost of building housing in San Diego was not low for many developers. The study found that the San Diego region ranked at the bottom of the list of places where the dollar goes farthest, behind only San Francisco and New York. USD real estate professor Norm Miller adds that local leadership should also examine what future housing construction will look like in San Diego.