Thousands of San Diego Homes Sit Empty As Rents Soar. A Tax Could Change That.

San Diego is one of the nation’s hottest housing markets, with average home prices hovering around $1 million and rents for a one-bedroom apartment topping $2,000 a month.

Yet city officials estimate that more than 5,000 properties sit empty most of the year, which some advocates argue worsens the city’s housing shortage and affordability crisis.

So California’s second-largest city is set to take dramatic action…

Story continues

TRENDING NOW

LATEST LOCAL NEWS