San Diego needs affordable housing and housing that is affordable. We spend an average of 42/% of our income on housing. As a real estate professional for over 15 years I have seen housing prices go up and affordability go down. Affordable housing for those who cannot or do not want to own a home is in extremely short supply and housing that is affordable for those who want to own their homes is becoming out of reach, especially for seniors and first-time home buyers. Another component that has contributed to the increasingly short supply of housing is the increase in short-term vacation rentals (which has been increasing largely due to websites such as AirBnB, Craigslist, and VRBO. These conversions of owner-occupied homes has not only affected quality of life in our neighborhoods but has also taken much-needed housing off the market for prospective renters and buyers contributing to the diminishing supply of homes available for long-term resident/owner-occupants.
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