San Diego’s Housing Market is one of the most inflated in the country, which acts as a detrimental factor in terms of recruiting and retaining new employees whose salaries can never afford the high prices of San Diego realty. Housing prices are just too high for middle-income people. People are now living in Tijuana and Riverside and commuting to their jobs because they can’t afford homes in San Diego, and some people are leaving the area. Families have to make nearly $135,000 to afford median priced homes in San Diego. In other words, the median income of San Diego households is less than half what is needed to buy a median priced home.

This entry was posted on Wednesday, December 6th, 2006 at 1:05 pm and is filed under Oceanfront Real Estate(t) . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.