Developers will outbid younger folks, often by $100,000+, especially for a smaller lower price home on a flat lot.

Density bonus law is builder-friendly, it's like a Monopoly game get-out-of-jail card. There's a way out of "affordable units."

By paying a 1x 'in-lieu' fee they avoid deeded low income units.

Airbnb sued to end single family zoning so that they never run out of inventory.

SF zoning no longer exists in San Diego.

Can a person afford $2.8k/month rent with a $90k/yr salary?

It’s doable, but tight. You’re looking at more than 1 paycheck to cover rent.

$150k and rent for $2.8k is comfortable. You probably need a minimum $120k in salary to really handle it.

Mayor Gloria's Crystal Cube

Mayor Gloria is not a homeowner. He rents a luxury apartment in a new high rise building. He doesn't have children. He lives close to where he works. He earns a high salary. His partner earns a high salary. He's very well-off, unlike people in San Diego, earning less than 80% AMI, in need of affordable housing.

As a City Council member, as a state Assemblymember, and as mayor, he has written or used any law that has helped to give developers permits to pack the city with apartments and ADUs.

One company has built more ADUs than others. SDRE, CEO Christian Spicer.

SDRE received $150 million in financing from an affiliate of Fortress Investment Group, FIG represents the Saudi Kingdom.

• SDRE intends to utilize this new Fortress funding to develop nearly 1,000 new housing units by the end of 2025, with a goal of reaching 2,000 units by 2026.

• SDRE is facing a lawsuit from a community group, Neighbors for a Better Pacific Beach, over a proposed 136-unit ADU project that should require public input and environmental analysis, as the land contains untouched Kumeyaay remains.

• https://sdhc.org/doing-business-with-us/developers/density-bonus/

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