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Panel warns high housing cost is inhibiting jobs: only 19% of S.D. County residents meet criteria to buy a home here.

Publication: San Diego Business Journal
Publication Date: 29-SEP-03 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Panel warns high housing cost is inhibiting jobs: only 19% of S.D. County residents meet criteria to buy a home here.(Real Estate)

Article Excerpt
San Diego doesn't have enough of it and everybody's talking about it.

Housing is on most people's minds in one way or another. For San Diego County businesses, the problem is hitting home with their employees.

According to Julie Meier Wright, president of the San Diego Regional Economic Development Corp., the lack of reasonably affordable housing is a cost-of-living issue that affects the county's ability to attract and retain employers.

San Diego's economy grew more than other U.S. regions in 2001 and 2002, with biotech, communications, software, defense, and information technology leading the way, Wright said during a regional real estate trends conference hosted by the San Diego/Tijuana chapter of the Urban Land Institute on Sept. 23 at the Marriott Del Mar.

"They could be anywhere, but they chose to be in San Diego," she said. "They continue...

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