Great graphic. No doubt San Diego housing is not affordable to many in the city. But there are many other things that go into it. Wealth and assets are other big parts.
A lot of people in the city already own said homes, therefore, already have built up equity. They can use gains selling their homes to buy other homes.
UCanDoNEthing4_30sec t1_jbp7kak wrote
Reply to [OC] Ratio of Median Sale Price of Single-Family Homes to Per Capita Income, by Metro Area by thatdude333
Great graphic. No doubt San Diego housing is not affordable to many in the city. But there are many other things that go into it. Wealth and assets are other big parts.
A lot of people in the city already own said homes, therefore, already have built up equity. They can use gains selling their homes to buy other homes.