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Renters, Homebuyers Feeling Squeezed In San Diego

Associated Press

A home for sale sits behind a sign that reads, "sale pending,"in San Diego, Aug. 14, 2013.

Aired 9/22/16 on KPBS Midday Edition.

Renters, Homebuyers Feeling Squeezed In San Diego

GUEST:

Rafael Bautista, organizer, San Diego Tenants United

Mark Goldman, real estate lecturer, San Diego State University

Transcript

Aired 9/22/16 on KPBS Midday Edition.

Nonprofit helps potential homeowners in challenging market

GUEST:

Vino Pajanor, executive director, Housing Opportunities Collaborative

Transcript

San Diegans are spending a larger share of their paychecks on housing, whether they're renting or looking to buy a home.

Group favors rent control to stabilize rental market

The housing shortage is also affecting rental rates. The average rent in San Diego County is $1,743. That’s up more than 8 percent from last year.

The community group, San Diego Tenants United, believes rent control can help stabilize the rental market.

As part of a National Renters’ Day of Action, the group plans to hold a rally downtown Thursday.

Organizers are pushing for a freeze on all rent increases and unjust evictions. They would also like to establish a rental control board to help tenants and landlords air grievances.

Voters in five Bay Area cities will be voting on rent control ballot measures in November.

Nonprofit helps potential homeowners in challenging market

It's no secret that housing prices in San Diego County are high. But, new data released this week by CoreLogic, which analyzes real estate, found prices are the highest they've been in a decade.

The San Diego Union-Tribune reported The median price of a home in San Diego County was $498,000 in August.

The Housing Opportunities Collaborative is an organization that works with other nonprofits to provide classes for first time home buyers. The organization's executive director, Appaswamy "Vino" Pajanor, said that about 300 people attend these classes every month and fewer than 5 percent are becoming homeowners in the following six to 18 months.

He said potential homebuyers are being encouraged to look at other options to afford a home, such as purchasing a townhome or condo, instead of a single-family home, or to look into buying in a cheaper neighborhood.

Rafael Bautista with San Diego Tenants United, Mark Goldman, real estate lecturer at San Diego State University and Vino Pajanor join Midday Edition Thursday to talk about how housing costs are affecting San Diegans.

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