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Sunshine-taxed to the max!

Buy? Rent? Both unaffordable in SD

Should you buy or rent a home in San Diego? Neither, if you look at such a decision from an economic perspective.

According to Zillow.com, the share of median income needed to buy a home in San Diego County, is now 35.6 percent. Only three of the nation's 35 largest metro areas have a higher unaffordability ratio: Los Angeles (42.6 percent), San Francisco (42.6 percent), and San Jose (39.5 percent). Nationwide, the ratio is 15.3 percent. You really are paying for sunshine.

But renting is worse. San Diegans pay 42.6 percent of their income to rent a median-priced unit. Only three cities have worse affordability: Los Angeles (47.9 percent), Miami (44.4 percent), and San Francisco (44.3 percent). Nationally, the rate is 29.5 percent.

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Should you buy or rent a home in San Diego? Neither, if you look at such a decision from an economic perspective.

According to Zillow.com, the share of median income needed to buy a home in San Diego County, is now 35.6 percent. Only three of the nation's 35 largest metro areas have a higher unaffordability ratio: Los Angeles (42.6 percent), San Francisco (42.6 percent), and San Jose (39.5 percent). Nationwide, the ratio is 15.3 percent. You really are paying for sunshine.

But renting is worse. San Diegans pay 42.6 percent of their income to rent a median-priced unit. Only three cities have worse affordability: Los Angeles (47.9 percent), Miami (44.4 percent), and San Francisco (44.3 percent). Nationally, the rate is 29.5 percent.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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