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Sad Future Coming to San Diego, CA
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- Опубліковано 15 сер 2024
- We're talking about the sad future for people living in San Diego. Basically, the government is making changes that will cram more houses into the city without enough infrastructure to support it. This means there will be fewer houses for sale and most people will have to rent.
We'll look at how this will affect the city and its residents. Will San Diego still be a cool place to live, or will people start leaving because of the housing crisis?
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I was here before you were born, San Diego stopped being paradise after 1980.
SD SHOULD have done high density way back then instead of the unsustainable suburban sprawl we have now.
I love mixed use housing and high rise condo. I like having a concierge for extra security and also the ease of maintenance of a condo. Yard work is very time consuming (been there done that) and I’d rather have extra time to enjoy the San Diego’s outdoors and travel.
On paper, all those things are amazing! I wish more of us could hold this viewpoint.
It is sad I’m 35 married with kids and we make near 250k with no debts and good credit. But high rent, taxes, inflation, has made it so difficult to save a healthy DP. Take on hoa or other fees it just doesn’t make sense to buy here and we’re probably leaving to buy our home outside of SD county.
I get it, this is one of the toughest markets to be a first time buyer. It's not easy
FHA loan and home builder
dream to own is dead
"You'll own nothing and you'll be happy" - World Economic Forum
The elite won't let us be free anymore.. facts
It's like a fat girl fitting in to girdle.I was born in this town It's now too crowded Too much traffic,crime,drugs,homeless,expensive real estate,high taxes,high utilities.It's beyond sad.
Hillcrest is building tons of new condos by tearing down crappy old buildings. We need to make sure Investors aren't buying things and driving prices up though
About 8 years ago foreign investors were buying up all of hillcrest, pretty damn sad that they took over the hillcrest community in my opinion
@@dudeflynn2781 foreign from where ? New construction on 5th an is an SF based group. I’d argue all the socal development is depressing .. I gave up hoping to see that stop when most of north county was developed in late 90s to point not much room left
3:23 can you explain how high density housing leads to more homelessness? 🤔
I wouldn’t say it’s directly correlated, but more dense communities tend to be more walkable, and more walkable areas tend to have more homeless
Because you can afford them
Definitely share your concerns. Guessing many residents who move into these high rises are there to eventually own a Single Family home. More people, more competition, higher prices. The reason I'm in my Gettysburg house was I was the only one who showed up at the Open house. Why?!? Because the event happened during a torrential thunder/ rain storm( it had rained cats and dogs the entire day.) I was going up against Cash buyers and those willing to bid 30,000 over listing price. In San Diego, I be going up against those challenges but with less rain.
The same thing happened to a buyer that showed up to my open house during the recent "hurricane". It didn't really get that bad (he showed up in sandals like a true San Diegan) but most people were worried about the weather so they stayed home that weekend.
I live in North Park (currently renting) and I want to buy a condo in the near future. It's incredibly frustrating to see all these new condo developments going up and nothing is available to buy. These new "luxury" buildings are charging astronomical rents and many, I suspect, are leaving units vacant rather than dropping prices to reflect current market rates. While I support increasing density, it feels like these new buildings are just lining the pockets of developers, while doing little to improve the overall lack of housing or making the dream of home ownership possible for everyday people. Most people can't afford to pay these rents, period. And IMO, most of those who *technically* CAN afford it are smart enough to know that paying an enormous premium to live in a shiny high-end rental with a roof deck and a pool is not in their best financial interest. You give an extra $1000 a month to developers and that's $1000 you can't invest or put into savings for a future down payment. So these beautiful new buildings sit half empty and the rest of us are left to compete over the tiny # of 1-2 bed condos being put up for sale. I don't know, man. I make decent money and I have a substantial amount of savings for a down payment, but I look around and there's scant little available in my price range. I'm starting to feel like I've missed the boat, and that's super sad.
New Builds are always more expensive, but through filtering, older condos will become more affordable. If you don't charge a market clearing price, you end up getting years long waitlists. Building homes is not cheap and fraught with risk, so developers need to get a return to make it worth putting a shovel in the ground. Price controls do not work.
From a local architect: it's easier to build apartments vs. Condos nowadays. However, they can be converted to condos after 18 months. That's great and all but let's be honest- there's no money in selling it. Corporate landlords want to have permanent renters. It's disgusting and contributing to the housing problem in the US.
@@user-ue9jq6fp9b mom and pop landlords are better?
You haven’t missed anything but overinflated home prices. Be patient.
North park is not what it used to be that's for sure and the parking is horrible I'm pretty over it
I think in regards to bike lanes, they can and should be the long term solution to reduce car congestion. The problem is majority of people don't feel safe when the only protection is a painted line or plastic flex posts. When bike lanes are permanent and fully separated/protected, that's when we'll see the full benefits
It makes a difference for sure! I'd love to see more safe bike lanes.
Hmm. in CA, unless you have a e bike, it's not fun biking on these hills. And e bikes need to be extremely protected from jerk thieves.
I agree as an ex pro triathlete it’s very dangerous… one of the reasons we go to Boulder to train. Most bike paths are completely separate and have their own tunnels and bridges. It’s like Boulder cares. Maybe that’s one of the reasons it was voted happiest place in America multiple times the past 10 years
You can't go shopping on a bike.
You’re last point is great. We need more housing but we need them to be open to home ownership. Also, a lot of these buildings are not affordable but are luxury which doesn’t do anything to alleviate the housing crisis. Great video as always!
Bubble!!!
@@LunaMirage Nah, not a bubble. Unless most people want to leave San Diego and there's a huge surplus in inventory. Highly unlikely.
To your point California is no longer standing idle actively pushing builder's remedy on cities to get them to actually make moves. Other half of this conversation is that without more housing it becomes less economically viable for employers and employees to want to live here. If California wants to keep growing and stop hemorrhaging talent this is the answer. You can only build so much single family housing. Europe is already a model of this. Single family housing the way we do it in the state is really a phenomena not many other countries do housing like we do. People are free to live where they want even at the behest of other people who may not want more people. More socially responsible housing like Vienna, Austria does would help to keep rental prices in check but a lot of what needs to be done in California gets stalled out.
Part of the reason CA is hemorrhaging people is gov policy, on a personal and business level. Look at Tesla and others.
It's not just available housing and prices. Tons of other factors as to why people leaving en masse.
And btw, wouldn't builder's live to get contacts for high density? They're a builders dream. Exponentially more profit than single families. Govt and huge corps will always lie in the same bed.
Builders Remedy Baybee!
@@eliburl5504 They'd love to get high density the issue is there are about a million ways Cities and counties here can stop projects. We have an old unused tool on the books called builder's remedy that basically overrides local zoning control if cities can't plan accordingly on their plans every 10 years if they don't meet it a builder can ask the state for a permit and they can override local zoning control they're finally using it after 30 years.
No offense to the guy, but his "bias" is kind of the problem - it's not that people "used to" want to have houses, people just can't afford to and are just trying to afford something to begin with (whether that be a studio/apartment/condo/etc.). In a perfect fantasy world, everyone would own a single-family home in sunny San Diego. But the unfortunate reality is that urban sprawl has it's literal limits. San Diego is desirable, it's the second biggest city in CA, and they'll have to build upward to meet demand.
In fairness to him, he's right that the infrastructure isn't there to support the high-density housing and that should totally be worked on. And I get where he's coming from in terms of building wealth with home ownership, but the barrier to entry is just too damn high. For worse, people who want an affordable house will have to look at the rural parts of San Diego if not outside of it (Riverside or Imperial County); otherwise, renting affordably should at least be an option and building upward is the way to do that.
This is such a let down.. I live in Swierzland and here it's impossible to afford any house. As you'd have to make about 180k a year to afford the morgage. I was hoping it would be easier in other countries..
So glad we sold our townhome in the UTC area a few years back. The area is so overbuilt now, and only getting worse. Plus, crime has gone up with the addition of the Trolley hub. We wanted to get a ranch-style home on a decent sized lot and knew that was going to be a disappearing commodity. Wound up moving to east county in a very established neighborhood with a quarter acre flat lot. Best thing we ever did, despite the added commute time.
Everyone has different tastes and preferences. I'm happy you made the move that was best for you! Big lot and lots of space is a huge win in SD.
Owning is not all peaches and cream. It means repair bills in the thousands. It means commitment and responsibility. Folks don’t want that. They want flexibility and not being on the hook for anything. They want all the pro’s with none of the con’s. Real estate is expensive, particularly in SD - always has been. I own homes is SD and every single one of them were a big challenge to get in terms of saving, sacrificing, stretching, putting in blood sweat and tears…
But you can still sell your home and get your equity out of it . When you rent, you lose all that money , especially in 20 to 30 years' time .
@@desertsunset8025 I agree, in the long run owning is the clear way to go. It’s just not easy.
It’s too crowded here. Our water supply can’t handle what we have now. Roads are crowded and in terrible condition. Power supply can’t handle current demand in summer. Schools are over crowded. Its over built.
We are building water reclamation plants now that will be more than sufficient to provide water to our citizens. Roads are crowded for sure, but still nowhere near as crowded as LA. And the power supply is unfortunately more of an issue of the selection of clean energy sources. But still, it's not that much of an issue.
With the population exodus from California why build? I sold everything I had and left. No plans to go back for any reason.
Well the truth is there is no mass exodus in SD. Our county population actually increased last year
The solution is so simple. You build 20 story apartment buildings similar to high-rises. These buildings don’t have to be fancy, they just need to look nice and offer parking and commercial spaces below. Build towards the sky is how you maximize square footage, or in other words, land space. Until this becomes the norm, housing problem will always be prevalent. Building four units on a piece of land will only make the problem worse as well as drive up the prices, which obviously benefits landowners. So, build upwards.
Tell San Diegans to stop voting left and maybe things will turn around for the better
Too many people want to live in San Diego but there's not enough space. Especially with all the land the military gets.
I love city of San Diego, but I am so glad we live out in unincorporated SD County and not the city.
Best to look into South Carolina.
Noted 😜
Doesn’t matter how many new developments are built it will still be expensive to purchase homes and to live here. Period.
Will it always be expensive compared to the rest of the country? Sure. But it can be MUCH more affordable if we had more homes.
.. if your going to be homeless..move to an area that has great year round weather,, SAN DIAGO CALIFORNIA
Very insightful and true. I drove by new “residences” in Point Loma near Liberty Station on way to the 5. I was hoping they were new condos being built, but nope, they are one bedroom apartments. For who? I guess there’s more money to be made in rentals in SD and I guess it’s not the place to raise a family unless you’re a zillionaire. So sad. I could buy a house in Hemet for $300, grand
Get ready for 15 ninute cities. Carlsbad, Santee & El Cajon are in the list
The more walkable you make the city, the better it is for local businesses, as well as the environment, because it lowers pollution caused by cars.
“You will own nothing and you will be happy.” World economic forum
Yup theres a hint of that in here for sure. Scary.
I wish more people saw density as a good thing. With our great weather, San Diego has the potential to be an amazing walking, biking, and transit oriented city. If we showed more support for denser housing and reduced cars, we could do a lot of amazing things here.
@@nick32121 I’m not sure what you mean? LA is sprawling with bad transit, very car-dependent. The other two have major problems, but not due to density itself from my understanding.
Hello guys, i want to move San Diego CA. Now Im living TX but really I need move. Did you recommend for me ? Please comments. Thx
Love your videos! I hope to live in SD one day. I’ve lived in NYC for the last 10 years. There are a few different ways to accommodate growth.
1. Transit. Transit doesn’t typically make traffic less worse, but it gives proper options, and that’s good.
2. Congestion pricing. Charge higher prices at peak times to smooth out road usage.
3. Complete neighborhoods. If every you need is within a 15 minute walk or bike ride, car traffic isn’t a thing you have to think about much.
Density is the the key to positive growth. Plenty of the trolley stops can handle lots of growth within a mile of the catchment area.
Hundred percent agree with you. We need to deeply invest in our light rail system and disincentivize car trips, even if only 25% of car trips are bike/rail trips, it will help.
Great points, I love it! Thanks for the input.
From the perspective of an SD resident since the 1980’s I’d have to disagree with some of this.
Transit, yes. SD has always failed in the public transit department. Congestion pricing. Absolutely no. Controlling people through taxation should not be a goal of San Diego. We are not NYC. NYC is an extremely dense few square mile, island. San Diego is a naturally diverse city, that is much larger (by land size) than NYC and can’t be treated like NY. Complete neighborhoods (15 min cities). Hard no. Again, this is not an idea that should be proposed everywhere (or anywhere imo). In fact, I believe it is counter to human nature. We are drawn to explore, experience the diversity of a city and appreciate all that an amazing place has to offer. 15 min cities, would create a sort of island fever. What would be the point of living in a place as diverse as San Diego if people were confined to the area immediately around them. Not many cities have places like Gaslamp, PB, OB, Encinitas, Carlsbad, Poway, Ramona, Julian, Escondido and the other parts of town that make it great. Living in San Diego is about enjoying what all of those places have to offer. The 15 min city idea is a dystopian idea in the packaging of helping “climate change.” It’s not supportive of a free, human future (I know what the talking points are that counter this and I disagree with them).
I do not believe that density is the key to population growth. It is what MUST happen if a city is forced to grow, by definition. But, not every city should have a goal of become NY, LA or SF.
I respectfully disagree with your ideology on San Diego’s growth. Best.
You think trying to turn San Diego into a copy of NYC is good SMH.. You really don't understand SD. We have ALOT of families that live here not everybody can jump on public transportation. they need cars to get where they need to go with their families.. please stay in New York don't come over here with those ideas. 💯
@@djramirez8635 tons of families live in NY. Busses, trains, bikes are a thing. No City can scale with cars as the primary form of transit. We need to transition to walking, biking, busses, trains etc
This is such a let down.. I live in Swierzland and here it's impossible to afford any house. As you'd have to make about 180k a year to afford the morgage. I was hoping it would be easier in other countries..
LOLOLOL, not in San Diego, now the most (insanely) UNaffordable place in the US to put a roof over your head. However, the US is a very big place, and housing is much more accessible elsewhere .
@@jeannerogers7085 yea, i mean compared to here the housing market in US still seems far more affordable. Here you pay 1million for the tiniest ass house (if you are LUCKY), as the ground alone is usually worth about $700'000, and that doesn't even have to be agood spot. So 700K + usually the cheapest house you can build here is like 500K. AND I MEAN CHEAPEST. so 500+700 you do the math
Agree its so difficult to get to the San Diego airport from train station. Have to take cab or uber.
When you run out of land, you have to make like South Korea or something, starting to build sky scrapers or high rise condos over businesses to fit more folks that wanna live here. And be like Carmel, Indiana; build beautiful places that encourage walking/cycling and stores that are closer together and not built like malls or giant parking lots.
I am from Vancouver, Canada, and we have had density problems for years. Many people call condos and apartments home. At the same time, there is always a push to add more living spaces to Vancouver. We have bike lanes everywhere. There are some things we do well.
Great video. You are right!
Thanks for watching!
Fair assessment all around. I think that the SFH American dream is a collective delusion. Neighborhoods like Little Italy should be the model moving forward as they are better by just about every conceivable metric. That's why I bought (and live) in Little Italy.
I agree for the most part, but i also think there are many people with the ability and desire to own SFR and that's OK too. It's just going to be increasingly difficult to afford moving forward, and more and more people need to consider attached properties.
Dan, you didn't mention one of the main causes of low SFR inventory: Prop 13. My retired parents live in a 6 bed, 4 bathroom house in Encinitas that is way larger than their current needs. But they will never sell it because of Prop 13. The next generations are being denied the traditional dreams because the last generation is keeping it all for themselves.
Well they can transfer their tax base if they sell and buy a new home in CA because of prop 19. There are options!
Prop 13 keeps taxes low, if they got rid of it your next excuse/complaint will be not having enough to pay it. Just buy outside of SD.
Great idea, why don’t the trollies take you to the airport, they’d be used a lot more. And yes, those bike lanes are ridiculous and a waste. Taking away a lane for cars and adding more high density housing is a dumb idea.
Your correct. Bad political leadership.
Density is the lifeblood of a vibrant, livable, efficient communities. Single family homes are incredibly inefficient. If you want a SFH, go live in a suburb. Otherwise, let the cities build for density. What a NIMBY rant
Love it!
More units and more traffic
What’s the expected impact of the SVB collapse? Less WFH tech money pouring in will lead to lower SFH prices?
We will cover it tomorrow on a Live! In the short term it is bringing mortgage interest rates down which is nice, but there is a lot to unpack there
Poor San diego has been destroyed
Alternate opinion:
-I’m from Boston, and lived in NLD and Germany the past four years. So new to SD.
-SD is pretty good imo. Expensive. But good.
-Also imo, cheap homes do not usually come with desirable locations. But if anyone can offer me a counter example, please share because I would then consider moving there.
-While living in Boston we had tons of public transportation into the airport (buses, trains, etc). I never used them for my work travel for many reasons. So I don’t think it’s value added for SD to spend money on that.
-There is a lot of traffic in SD, so expanding highways would be nice 👍
-Rent is expensive but on par with Boston and NYC. It is challenging and imo inflated (maybe artificially or bubble type inflated)
We all know this... The question is always "who pays for it?"
Unfortunately expanding highways just induces more demand which causes further congestion. If SD takes the approach of expanding highways we'll end up with a concrete wasteland like LA
JUST ONE MORE LANE BRO
San Diego completely death nothing good going on ' everything went up to the sky especially home insurances most home owners here cant afford to get insure on their homes
DONE!
Turning into Apartment living. So Sad.
Why is that sad? Endless suburbs with cookie cutter tract home are not that cool either.
I think renting over owning is fine. In Germany, 80% of folks rent. Of course there should be options for both.
I think for a lot of people you are absolutely right. They want the ease and convenience of renting without having to worry about upkeep of a home. But for people that really want ownership, or an opportunity to build wealth, this is absolutely a step in the wrong direction.
Great information to know
@@DanPBestLifeSD most studies show that adding more parking and roads leads to more cars. I’d love to hear you prevent the data or interview city govt to see what their expected impact to traffic and infra is along with your opinions! Would be cool to see!
Greed is out of control.
Greed has always been out there
Where did you grow up Dan?
Orange County
san diego is already dead i use to pay 400 a mo. for a 1 bdrm up until 2004
Housing shortage = SD is full. Don't turn it into LA
SD isn’t full, we’re just not using our space correctly. We need to stop building exclusively single family homes.
What @PotatoDog said 👆
Sure, but I don’t believe the goal of cities should always be to grow endlessly. Since I moved to SD in 1986, the culture has been about scenic beauty, open space, a laid back culture and a certain way of life. It’s been a unique city because of these things. Filling every open space with high density housing is counter to what the city has been about and will change the fundamental nature of what it is.
I’ve also lived in LA and it’s congested, expensive, and there isn’t much open space left. Longtime San Diegan’s have always tried to prevent our city from become Los Angeles and the idea of adding smaller and smaller homes brings us ever closer to that end.
There isn’t anything wrong with single family homes. I’ve lived in studio apartments and four bedroom homes and as one ages and potentially want to raise a family the idea of a single family home is appropriate to raise kids. Yards, space between neighbors and streets for skateboarding are what the dream has always been.
The bottom line, IMO is to accommodate growth in a way that isn’t primarily focused on filling every space, and that celebrates the family and those who accomplish the goal of home (house) ownership.
I appreciate your responses to my (limited context) comment, but I wanted to add a little bit of context from the perspective of a long time San Diegan who has traveled a lot and appreciates the uniqueness of our great city. One, who understands the reality of growth and change but also believes it should be managed in a way that keeps the city great, in its unique San Diego way. Cheers!
@@eliburl5504 Cities are either growing or shrinking. San Diego should aim to grow endlessly so everyone can prosper. SD is nowhere near being as dense as Paris, Tokyo or even SF. It has plenty of room to grow.
@Spencer Heckwolf you'd have to explain to me how everyone prospers when a city grows endlessly. The cities you mention have some of the largest wealth discrepancies anywhere. They're also extremely expensive, even beyond SD. Not models to strive for imo. The journey of a thousand mi starts with one step and if SD is walking in that direction it will end up there eventually.
😴
Why are you so negative with the title ? Seriously, please reconsider. Be more positive
More like Worst Life No Home Team
@agent… Fully agree 👍 SD is better than most places
@shelton LOL I'll keep that in mind haha. We can change our motto from "love where you live" to "hate where you live"
@agent take a look at my other videos. 9/10 are nothing but positivity for San Diego, but I also like to give the other perspectives because there are real concerns about where things are headed. I appreciate the feedback, but I think it's very fitting for this topic.
I left San Diego in 1998 and so happy I did.
Where'd you go?
Where did you go ? Lol. San Diego is a world class city. Not sure how much finer it gets elsewhere 😉
Ok. Then are you wasting your time watching a SD video? Confusing 🤔
@@Hermetic_ I think it’s normal. He lived here for sometime so automatically there’s some kind of love towards it. I like to check in on past states or cities I’ve lived in before
@@agentmartagentmart9122 I hear ya. Good point 🤙
Once you get married and have kids do you really want or need walkable nightlife?
Some people do!
We live in Marin County north of SF. Lots of walkable towns and neighborhoods make for a more enjoyable day life and nigh life (admittedly suburban nightlife). We’re considering a move to SD County since our daughters now live in San Diego proper and love it.
Honestly, one of the biggest blockers for us is finding a neighborhood with a town center in walking distance. Foot traffic to “Main Street” builds community and quality of life over big box retail and strip malls 10-15 minutes driving distance. La Mesa is doing a nice job with this for example. Commitment to community over pure commerce is essential for whatever lies ahead in SD County.
Btw, just found your channel. Great stuff. 👍
People are living too long... That's the real issue no one wants to talk about
Are you volunteering to take soylent green?
Well that's a take
I know how we can fix it. Transplants go home. Boom housing for San diegans fixed
Simple as that...