Californians head south of the border to find more affordable housing

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Californians are increasingly making the move to Tijuana, Mexico, in order to find affordable housing

in the city currently sits at $850,000. With prices like that, residents are being priced out and leaving.

"Since the beginning of the pandemic the number of buyers and people looking to rent a house in Tijuana has increased considerably," Fermín Kim King, president of the Real Estate Association of Tijuana, toldThe U.S.-Mexico border barrier stands before sunrise on March 30, 2019 in Tijuana, Mexico.Sergio Roseti, a former San Diegan who made the move to Tijuana at the beginning of the pandemic, said he had no choice but to relocate.

"Necessity forces us to be south of the border," Roseti told the outlet. "Housing in the United States is extremely expensive, sharing a room costs you $500, a studio is $1,000 minimum, for an apartment it’s $1,500 to $3,000." "It’s the reason why many people now live here, and the number grows every day," he said. "They migrate to Tijuana because rent is cheaper here."

Source: Real Estate Daily Report (realestatedailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LISTEN: Can calming North Oak Cliff’s streets change Dallas car culture?🎙 A new Deep Side of Dallas episode is out from DMNOpinion. This week, we heard from Mayor Pro Tem Chad West about his journey to make North Oak Cliff calmer while keeping cars moving and residents happy.
Source: dallasnews - 🏆 18. / 71 Read more »

Boy, 15, fatally shot near Bronzeville; 16-year-old shot an hour later in WoodlawnAt around 3:15 p.m., Chicago police responded to the 3300 block of South Prairie Avenue and found the teen shot in the head.
Source: chicagotribune - 🏆 8. / 91 Read more »

Dave Chappelle vows to pull investments from Yellow Springs, Ohio, if it doesn’t nix affordable housing planYellow Springs, Ohio, shot down a residential development plan that included affordable housing after Dave Chappelle railed against the proposal during a Monday night meeting.
Source: nypost - 🏆 91. / 67 Read more »

Los Gatos gets more than 80 applications for affordable housing unit selling for $260,067The 982-square foot unit, located at 260 Union Ave., has two bedrooms and two bathrooms, and is available to households earning 80% or less than Santa Clara County’s median household income of $124…
Source: mercnews - 🏆 88. / 68 Read more »

'Clowns': Village Scraps Plan With Affordable Housing After Dave Chappelle ThreatAn Ohio village on Monday failed to approve a zoning ordinance that included dozens of affordable housing units after opposition from comedian Dave Chappelle, who called the village council 'clowns' and threatened that his business ventures would be 'off the table.' He’s drinking again isn’t he.
Source: nbcchicago - 🏆 545. / 51 Read more »

Dave Chappelle Gets Chapped Over Ohio Affordable Housing PlanAn angry Dave Chappelle told his hometown council meeting Monday that he would not build two planned businesses in the area if they approved an ordinance that included dozens of affordable houing u…
Source: DEADLINE - 🏆 109. / 63 Read more »