San Diego’s Soaring Rents Pricing Out Working Class
Locals are bearing the cost of increasing rates, with many spending more than half of their income on rent
By Sasha Abramsky / San Diego Magazine – The Nation / April 4, 2024
Teresa, a 52-year-old with a solidly middle-class job in the healthcare industry, recently separated from her husband. At the time, the couple lived in Encinitas, in a large home they bought in 2010 for $450,000. When interest rates plummeted, they refinanced at less than 2.5 percent with only 13 years of payments left. Each month, the mortgage, the insurance, and the money they set aside for real estate taxes came to $2,900 between them.
But now, the market has shattered Teresa’s financial calculus. Even after she and her husband sold their house and split the profits, affording to buy again seems impossible.

The Biden administration should be preparing for the worst.

The city of San Diego unveiled what a new Ocean Beach Pier might look like. These 3 renderings were put together based on feedback from the public on three preliminary design concepts that were first revealed in September.
In Southern California during today’ total solar eclipse, we’ll see a less dramatic blockage of the sun with about 50 percent totality as the moon slips between the sun and Earth.
Of all the decisions that the San Diego City Council has made of late, none have suffered the derision and mockery that the go-ahead to spend $4 to $5 million for a consultant to study how much the city should charge for trash pick-up has.
Herbert Shore was a founding member of DSA in 1982 and San Diego chapter until he passed in February of 2024
B
y The San Diego
Our friend Roger Showley (PLHS 1966] just had some ideas of how San Diego could handle the “chase [of] the mirage of a new City Hall” that was published in the U-T Letters to the Editor:
Despite incentives from the City, developers are opting to build units for higher income tenants.
On Thursday, April 4, Mayor Todd Gloria announced that he is seeking to turn a large warehouse on Kettner Blvd into a 65,000 square foot homeless shelter. The building — at 3570 Kettner — is at the corner with Vine Street, just next to the I-5 freeway and near Pacific Highway. Gloria says it will be space for 1,000 people, showers, a kitchen, recreational facilities and counseling services.




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