Friday Business Report: Dream Of Homeownership Slipping Away
Friday, August 24, 2018
KPBS reporter Susan Murphy and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
This week’s topics:
Mortgage company HSH.com reports that for anyone to afford a median-priced home in San Diego, potential buyers need to make more than $130,000. That makes San Diego the third least affordable city in the country, edging out Los Angeles. What does that mean for the future of housing affordability in the region?
New Owners, New Plan For Horton Plaza
Stockdale Capital Partners has completed its purchase of downtown's languishing Horton Plaza. The San Diego Union-Tribune reports with the new owners comes a new plan: to turn the mostly empty mall into an "ultra-modern" office campus for tech types. If it works, can revitalization of the space lure high-end technology companies and help re-imagine what a modern mall should be?
Beloved Hardware Store Closing
Lowe's is closing its Orchard Supply Hardware stores around the country, including here in San Diego. With its devotion to customer service and high-end feel, customers are lamenting the closure on social media. Why Lowe's is shuttering the 87-year old chain and what might happen to its employees?
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