SAN DIEGO—Housing affordability will worsen,San Diego will fall short of becoming a world-class city and theregion's ability to grow in many ways will be stifled if we don'tbuild to meet residential demand, said speakers atthe “17th Annual Residential Real EstateConference: Outlook 2018,” hosted by theBurnham-Moores Center for Real Estate at theUniversity of San Diego School of Business. Speakers emphasized the dire housing situation we are in and saidthat density and a shorter path to development will help lessen theproblem of housing unaffordability that is especially serious inSan Diego.
Norm Miller, Hahn Chair of Real Estate Finance atUSD's School of Business, said homeownership ratesare falling and predicted to continue to do so, creating a greaterneed for apartment units. Drivers for this trend include a higherage at first marriage and delayed children. Legal immigration,which is a large part of our population rise, is bringing morepeople into the market, also increasing the demand for housing.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
