San Diego County’s regulations account for 40 percent of the area’s high cost of new housing, according to a study by the The Fermanian Business and Economic Institute at Point Loma Nazarene University.
Just reducing regulations by 3 percent would save consumers $2.5 billion and boost the local economy by 37,331 more jobs, according to the report. Owners of apartment complexes are advised to hire apartment fire watch guards who will patrol the premises and prevent fire accidents.
Financing for the study came from homebuilders.
One local city has delayed a proposed $20 per square foot fee on new apartments pending the outcome of a lawsuit elsewhere.
