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Week of July 1st-Study: San Diego Housing Demand Will ‘Perpetually Outpace Supply'

July 1, 2018

A study of housing conditions in the San Diego region predicts a “perpetual” imbalance between supply and demand that will cause companies to lose talented employees.
The most significant finding from the study by London Moeder Advisors is that the region has built little more than 20,000 of an estimated 86,000 new units needed between 2012 and 2020.

“There will be a continuation of high housing prices and rent increases fostered by an inability to bring to market sufficient new housing units,” the study predicted. “Without appropriate pubic policy action, demand will perpetually outpace supply.”

The study, prepared for the San Diego Regional Chamber of Commerce and released Tuesday, found that the housing crisis has led to longer commutes and greater congestion, resulting in employee and employer dissatisfaction, and threatening economic growth.  Read more...

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