US housing affordability gauge worsens for first time since 2023
Higher borrowing costs soaked up a bigger chunk of earnings for new homebuyers.
Higher borrowing costs soaked up a bigger chunk of earnings for new homebuyers.
Measure A, on the June ballot, seeks to tax San Diego second homes without a full-time resident up to $10,000 a year. Corporate-owned dwellings would face an even higher levy.
The era of ultra-cheap mortgages that reshaped American housing shows no signs of coming back.
Vacancy home taxes often face legal and political opposition.