{"id":4723,"date":"2020-11-26T11:00:47","date_gmt":"2020-11-26T18:00:47","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=4723"},"modified":"2020-11-26T13:18:50","modified_gmt":"2020-11-26T20:18:50","slug":"telework-caused-by-coronavirus-makes-home-ownership-possible-for-san-diegans","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=4723","title":{"rendered":"Telework Caused by Coronavirus Makes Home Ownership Possible For San Diegans"},"content":{"rendered":"

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

As a result of the coronavirus, many employees have been forced to work from home. This has opened the door to homeownership for many San Diegans.<\/span><\/p>\n

The reason for this is that workers no longer have to worry about living near where they work and can buy a house in a less expensive neighborhood with no impact on their job. Black renters are expected to benefit most from this change.<\/span><\/p>\n

Real estate company Zillow found that 15.4 percent of renters in San Diego could afford to buy a home if they were able to telework, while the number was 21.3% for Black renters. Through having the workplace decentralized, many more San Diegans can finally afford a home amidst the longstanding housing shortage in the county.\u00a0<\/span><\/p>\n

Zillow Economist Treh Manhertz said,\u00a0<\/span>“Although it’s well-known that the pandemic has been disproportionately harmful to Black communities, the rapid shift to remote work could make homeownership more broadly accessible. It’s a rare opportunity for those in a position to take advantage of remote work.\u201d<\/span><\/p>\n

Though the coronavirus has decimated the economy and forced many businesses to close, this is a silver lining because it gives many San Diegans an opportunity to enter the middle class, which was previously thought to be slipping away.<\/span><\/p>\n

Photo by David Sawyer<\/a>\u00a0via Flickr<\/p>\n","protected":false},"excerpt":{"rendered":"

Written by Nicholas Vetrisek As a result of the coronavirus, many employees have been forced to work from home. This has opened the door to homeownership for many San Diegans. 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