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San Diego Economy: Where's the Oomph?

CITY LIGHTS

Don Bauder, SAN DIEGO READER

Wednesday, June 6, 2012

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Kelly Cunningham, economist for the National University System Institute for Policy Research, agrees that “it’s hard to see a recovery in housing — maybe we will bounce along the bottom.” Historically, a high percentage of San Diegans have been renters, not buyers. Two decades ago, 55 percent of San Diego households owned homes versus 64 percent nationally. San Diego spiked past 65 percent in the bubble years but is now below 55 percent.