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The Current

  • Where in California have wages trailed rent hikes the most?

    Where in California have wages trailed rent hikes the most?,Jonathan Lansner

    The pain: Rent hikes outpaced pay raises in 44 of 50 big U.S. metropolitan areas during the past four years — and in four of six metros from California in this study.The source: My trusty spreadsheet reviewed Zillow’s analysis of the growth in rents vs. increases in average hourly earnings between 2

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  • Did HOA board go through the correct process to change rules?

    Did HOA board go through the correct process to change rules?,Kelly G. Richardson

    Q: If the board decides to change any rules shouldn’t those rule changes be placed on the open general session board meeting agenda for discussion and vote of the board members before being sent out for the 28-day comment period? Is it a violation to make this decision in executive session, without

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  • Construction paused on mega Riverwalk project in Mission Valley

    Construction paused on mega Riverwalk project in Mission Valley,Jennifer Van Grove

    The cacophony of construction activity at the sprawling Riverwalk project site that follows Friars Road just west of Fashion Valley mall has been replaced with nothingness as the promise of nearly a thousand homes is suspended until market conditions improve.After completing $90 million worth of inf

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  • A John Maniscalco House In Eureka Heights, $7M

    A John Maniscalco House In Eureka Heights, $7M,Philip Ferrato

    Known for his sleekly Modernist style (inflected with a dash of Italian Rationalism from the 1930s) John Maniscalco has become one of the Bay Area’s most in-demand architects. His eponymous firm has created beautifully conceived and detailed residences from the Peninsula to Marin County, the Wine Co

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  • Report: 80 percent of low-income San Diegans spending more than half their income on rent

    Report: 80 percent of low-income San Diegans spending more than half their income on rent,Phillip Molnar

    The vast majority of low-income renters in San Diego County are spending more than half of their income on rent, said a new study. San Diego’s Affordable Housing Needs Report, released Thursday by the nonprofit California Housing Partnership, gave the region poor marks across the board for everythin

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  • An entire California town is for sale – again. This time for $6.6M

    An entire California town is for sale – again. This time for $6.6M,Phillip Molnar

    Nearly all of Campo has been for sale since 2019 — without a buyer in sight. Now, a new real estate team has taken over the task of selling almost the entire unincorporated community, which is a little more than an hour from San Diego. The sale would include 28 buildings, a mix of former Army barrac

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  • Amenity-heavy $74M University Heights apartment complex opens

    Amenity-heavy $74M University Heights apartment complex opens,Phillip Molnar

    University Height’s new luxury apartment complex, The Nash, is at the crossroads of three popular neighborhoods and is the first attempt at a San Diego project from a Chicago developer. The Nash has 190 apartments, with an average rent around $2,900 a month, and opened last week. There are many amen

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  • Is it our HOA manager or is it us?

    Is it our HOA manager or is it us?,Kelly G. Richardson

    Many associations struggle with a poor manager relationship, resulting in frustration for both sides. However, such struggles are sometimes created by the board and not the manager. Therefore, these can be resolved by a change in board practices.Truly, some managers are simply not cut out for the jo

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  • Are higher mortgage rates enough to slow San Diego home price growth?

    Are higher mortgage rates enough to slow San Diego home price growth?,Phillip Molnar

    Mortgage rates hit their highest point this year, 7.52 percent for a 30-year, fixed rate loan, this week.San Diego home prices have continued to increase and went up the fastest in the nation in December and January, said the S&P Case-Shiller Indices.Some experts have said the limited number of home

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  • Biggest ever La Jolla home sale: $35 million for Doug Manchester property

    Biggest ever La Jolla home sale: $35 million for Doug Manchester property,Phillip Molnar

    A property formerly owned by hotel developer Doug Manchester sold for $35 million this week — making it La Jolla’s biggest-ever sale. The more than 30-acre property at 7007 Country Club Drive beats the previous biggest La Jolla sale by more than $10 million. The purchasers of the property were an in

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  • County will also evaluate subsidy for Midway Rising’s sports arena project

    County will also evaluate subsidy for Midway Rising’s sports arena project,Jennifer Van Grove

    San Diego County will consider subsidizing the Midway Rising project in order to make possible the construction of thousands of rent-restricted apartments on the city’s sports arena site in the Midway District.Wednesday, the San Diego County Board of Supervisors voted unanimously to study the prospe

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  • ‘Home prices continue to defy expectations’: San Diego leads U.S. in gains for 3rd month

    ‘Home prices continue to defy expectations’: San Diego leads U.S. in gains for 3rd month,Phillip Molnar

    San Diego had the fastest rising home prices in the nation for a third month. The San Diego metropolitan area’s annual home price increased 11.4 percent annually in February, according to the S&P Case-Shiller Indices report released Tuesday. It was followed by Chicago and Detroit, both up by 8.9 per

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  • What does each HOA officer – president, vice president, secretary, treasurer – do?

    What does each HOA officer – president, vice president, secretary, treasurer – do?,Kelly G. Richardson

    Q. I am a sitting board member for our HOA and we are coming up next week with our annual board election and a possible change of president (which is badly needed). As of right now, we have only three board members present out of five due to one moving away and another just resigned.Our sitting pres

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  • ‘People are tired of waiting’: San Diego home price hits all-time high even as mortgage rates rise

    ‘People are tired of waiting’: San Diego home price hits all-time high even as mortgage rates rise,Phillip Molnar

    San Diego County’s median home price hit a record high of $865,000 — despite rising mortgage rates. The median price was up 9.5 percent in a year in March, said CoreLogic data released Monday and up from the previous peak of $850,000 in November. San Diego County was part of a trend of rising home p

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  • 8 California real estate battles worth watching

    8 California real estate battles worth watching,Jonathan Lansner

    It’s playoff season for basketball and hockey with sports fans glued to the big matchups.But that kind of emotion and energy isn’t just limited to athletic contests. For example, there are plenty of big real estate battles brewing across California this spring.Now, the property game rarely has clear

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  • A Masterpiece On Beethoven Street, $2.7M

    A Masterpiece On Beethoven Street, $2.7M,Philip Ferrato

    In the Westside’s Mar Vista neighborhood, the Mexico City based architect Pablo Pérez Palacios of Pérez Palacios Arquitectos Asociados has designed a serene, yet visually challenging, new home unlike anything seen in Los Angeles. Finished in concrete and paying homage to great minimalists like Luis

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  • It’s official: San Diego’s sports arena is historic

    It’s official: San Diego’s sports arena is historic,Jennifer Van Grove

    San Diego International Sports Arena, the imposing concrete venue in the Midway District and the longtime home of the San Diego Gulls, is worthy of special recognition ahead of its expected demolition.On Thursday, San Diego’s Historical Resources Board voted unanimously, with Chair Tim Hutter recuse

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  • San Diego AI startup and Atlas Van Lines team up to make moving less painful

    San Diego AI startup and Atlas Van Lines team up to make moving less painful,Roxana Popescu

    Moving can be such a pain. A San Diego AI startup company just announced a deal with a major moving company to help make the process easier.The startup, Yembo, uses AI to analyze videos of people’s homes before they hire a mover. Moving companies then use the information gathered by Yembo to produce

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  • Big price tag: Construction starts on $98M affordable housing complex in City Heights

    Big price tag: Construction starts on $98M affordable housing complex in City Heights,Phillip Molnar

    Construction started Wednesday on one of San Diego’s most expensive subsidized housing developments in its history. The $98 million Cuatro development in City Heights, taking up four buildings, will have rent-restricted units for extremely low-income residents earning 30 percent to 60 percent of are

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  • Would-be homeless shelter landlord borrowed millions against proposed 35-year deal, county records show

    Would-be homeless shelter landlord borrowed millions against proposed 35-year deal, county records show,Jeff McDonald

    On the same day investor Douglas Hamm paid more than $13 million for the abandoned warehouse that San Diego Mayor Todd Gloria wants to lease for 35 years, Hamm borrowed more than $17 million from a private lender in El Segundo.According to county property records, companies owned by Hamm took out a

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