Regulation adds 40% to San Diego housing prices

San Diego housingSan 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.

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.

Source: Regulation adds 40% to housing prices, study shows |