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Opinion: San Diego’s Sky-High Housing Costs Show the Need for a Public Option

San Diego apartment construction.Photo by Chris Stone

San Diego is one of the wealthiest cities in the country’s wealthiest state, but rising house prices have made most San Diego people struggle to achieve their goals.There is There is no neighborhood In San Diego where someone with a minimum wage can afford a decent home — minimum wage workers will need to work 125 hours a week I can afford to pay the current average rent.

Even if you have a high-paying job, the median home price is $ 1,000,000 It’s a tremendous financial burden to bear. It is clear that housing costs are hitting middle-class workers as well as low-income neighbors. Business competitiveness And entrepreneurial innovation.

We need new and bold solutions to make our city a better place to live again. To do that, we need to stop discussing side shows that likewise demonize developers and governments. Because everyone has a role to play in resolving this crisis.

One thing is clear: the private market alone cannot build affordable homes on the scale we need. We need residential public options, similar to the vision of progressive public options for healthcare in the United States.

Mayor Todd Gloria Housing for everyone The plan emphasizes the ability to build houses in urban facilities. I agree with this approach. Here’s how the city council can help you realize that vision in high-quality municipal housing.

Read More: Opinion: San Diego’s Sky-High Housing Costs Show the Need for a Public Option

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