From New Hampshire to Temecula, Staci and Rob Porter have always owned their own home — until they moved to Solana Beach.“You come out here, and you're like, 'What can you get for $350,000?' You can't get anything at all. It’s a little frustrating," Rob said.
The Porters are getting a taste of what the Chapman report lists as one of the top 10 most"impossibly unaffordable" cities in the world.The report from researchers with Chapman's Center for Demographics and Policy and the Frontier Centre for Public Policy compares average income with average home prices to determine affordability. It found what has driven prices up is remote work during the pandemic, fueling the move to larger homes.
"We've got Mexico to the south. We got the desert to the east, and we got Camp Pendleton to the north," Dr. Alan Gin, an economics professor at the University of San Diego, said. "We can't build big tracks of housing like we used to be able to," Gin said."We don't have enough housing being built to meet the growing population that we have, although we have experienced some out migration in recent years."
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