{"id":1274,"date":"2019-09-03T13:30:02","date_gmt":"2019-09-03T20:30:02","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=1274"},"modified":"2019-09-04T13:16:32","modified_gmt":"2019-09-04T20:16:32","slug":"housing-continues-to-become-more-expensive-in-san-diego","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=1274","title":{"rendered":"Housing Continues to Become More Expensive in San Diego"},"content":{"rendered":"

Written by Nicholas Vetrisek<\/em><\/p>\n

Home prices in San Diego have increased five consecutive months despite a national trend of housing costs leveling out. <\/span>According to the <\/span>S&P CoreLogic Case-Shiller National Home Price Index<\/span><\/a>, price growth has been slowing consistently for the past 15 months. It seems that homes are becoming more affordable everywhere\u2014except on the west coast.<\/span><\/p>\n

Unfortunately, this problem isn\u2019t likely to be resolved anytime soon. According to Phillip Murphy, the managing director at Dow Jones Indices, \u201cIt is likely that current rates of change will generally be sustained barring an economic downturn.\u201d<\/span><\/p>\n

Even though the clear reason for this growing unaffordability is the inability to build new houses in San Diego due to intrusive government bureaucracy, most politicians and city leaders are unwilling to properly address the issue. Sean Karafin, aside from being vice president of policy and economic research at the San Diego Regional Chamber of Commerce, is also one of the only people willing to acknowledge the true cause of this problem.<\/span><\/p>\n

\u201cFor the San Diego region to continue its role as a leader in economic growth and job creation, we must have enough housing at prices that make sense for working families. To do that, we must address regulatory hurdles that hinder home building,\u201d Karafin explained.<\/span><\/p>\n

This advice is likely to fall on deaf ears given the fact that San Diego\u2019s government isn\u2019t exactly laissez-faire. One thing is for certain, however, which is that San Diego political leaders must do better in addressing the crisis of housing affordability in the region.<\/span><\/p>\n

 <\/p>\n

Photo by Byron Hetrick via Flickr<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Written by Nicholas Vetrisek Home prices in San Diego have increased five consecutive months despite a national trend of housing costs leveling out. According to the S&P CoreLogic Case-Shiller National Home Price Index, price growth has been slowing consistently for the past 15 months. It seems that homes are becoming more affordable everywhere\u2014except on the…<\/p>\n","protected":false},"author":3,"featured_media":1306,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nHousing Continues to Become More Expensive in San Diego - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=1274\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Continues to Become More Expensive in San Diego - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Written by Nicholas Vetrisek Home prices in San Diego have increased five consecutive months despite a national trend of housing costs leveling out. 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