10 Difficult Steps to More Housing


  • By
  • | 6:00 p.m. October 15, 2004
  • | 0 Free Articles Remaining!
  • Opinion
  • Share

10 Difficult Steps to More Housing

Monterey County, Calif., is a lot like Sarasota County. South of the San Francisco Bay area, what was once an agriculture-dominated area is becoming increasingly urbanized and growing. Monterey County's total population is about 415,000. Sarasota County's population by contrast is about 350,000. The median price of a home in Monterey is $265,800. And like Sarasota, Monterey County has an increasing housing affordability problem.

Not only is there this fact - 85% of workers in Monterey County need housing priced at $376,000, but 50% of the homes there sell for nearly $400,000. All you have to do to understand Monterey's affordable housing problem is to read the principles enumerated in its comprehensive plan. It's like reading Sarasota County's comp plan.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content