San Diego Housing Crisis

San Diego Housing Crisis
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  • Housing Crisis
  • By: Sean Baba
  • I think we should move somewhere warmer. What do you think?
  • I agree. What about San Diego?
  • Brrr.
  • Welcome to sunny  San Diego
  • Hi there, I will be your realtor. Unfortunately, California is in a little housing crisis at the moment so bear with me.
  • Let me explain...
  •  I know homes are generally more expensive out here but what do you mean about "crisis"? 
  • While there are various things contributing to the crisis, it is clear that supply matters, and there is an urgent need to develop. Over the past three decades, California has added only about half the number of units it needs to keep housing costs in line with the rest of the United States. (Journal of Affordable Housing)
  • Exactly.
  • NOT FOR SALE
  • So as a result, housing and rental prices increase.
  • This lack of adequate supply results in escalating housing prices, making home ownership out of reach for many. "Less than 56 percent of Californians own homes, compared to a national average of 67 percent." According to the Legislative Analyst’s Office.
  • I also see that the median California home is now priced 2.5 times higher than the median national home! As of 2015, the typical California home costs $437,000, easily beating the likes of Massachusetts or New York.
  • Faced with this crisis, there is growing consensus among local governments, citizen groups, planners, developers, and housing advocates that providing sufficient housing, particularly affordable housing, is a priority.
  • Statistics provided by California Department of Housing and Community Development
  • Average Home Prices    Supply Demand
  • Affordable Housing
  • Multi- Family Homes
  • If this is a issue in San Diego and California, what solutions are there?
  • Single Family Homes
  •  "Smart Growth" is often proffered as the answer to this dilemma. By promoting more compact development, mixed-use, and mixed-income neighborhoods, and creating jobs near housing and transportation, advocates of Smart Growth contend that housing will be available to meet the demand at affordable costs.
  • What can I do to participate in this change?
  • Participating in local community meetings and voting on issues that directly affect you and the community. Only vote on things that you have done thorough research and take into account a variety of factors that have a direct impact on issues such as the environment.
  • Today we will be looking at a new affordable housing proposal in the 9th District.
  • Measure A
  • Why is affordable housing project such a important issue?
  • Affordable homes can attract and retain employees to your community- a selling point and a competitive advantage for area employers. Affordable homes also support the local workforce so they can live close to their jobs. Shorter commutes allow workers to spend more time with their families while the community benefits from reduction in traffic congestion, air pollution, and expenditures on roads.
  • It also seems for parents, living in decent, affordable housing also means reduced stress due to a lessening of concerns that high housing costs will lead to foreclosure and eviction; this in turn leads to fewer physical and mental health problems and reduced absenteeism on the job.
  • See, there are a variety of options and opportunities we have as citizens to be apart of the change. Our voice not only matters, it is the only way we are able to approve solutions for our current housing crisis.
  • Thank you for the information and knowledge about housing in San Diego. Hopefully this crisis will be a thing of the past!
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