{"id":14998,"date":"2011-08-28T12:22:14","date_gmt":"2011-08-28T19:22:14","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=14998"},"modified":"2011-08-28T12:22:14","modified_gmt":"2011-08-28T19:22:14","slug":"why-build-the-pearl-in-solana-beach-when-buying-existing-resale-housing-would-save-taxpayers-money","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14998\/why-build-the-pearl-in-solana-beach-when-buying-existing-resale-housing-would-save-taxpayers-money\/","title":{"rendered":"Why Build “The Pearl” in Solana Beach When Buying Existing Resale Housing Would Save Taxpayers Money?"},"content":{"rendered":"

My little slice of Heaven, Solana Beach, is developing\u00a0 A $6 million, ten-unit, low-income housing complex<\/a>:<\/p>\n

The three-level building would have a 1,300 square-foot market on the ground floor, and 10 housing rental units above. The site is now a parking lot with 31 spots, used heavily for beach access and for the junior lifeguard program. A lot with some underground parking with 54 spots is proposed.<\/p>\n

“The Pearl” will be a mixed-use development, with a small market and ten housing units which can house up to 44 people.\u00a0 Ginger Hitzke is the Temecula-based developer.\u00a0 Her work history includes various “public\/private developments”, as a Vice President with the Affirmed Housing Group and now, as a lead developer with Community Collective.<\/p><\/blockquote>\n

Naturally, the coastal residents are up in arms about the affect on the neighborhood<\/a>:<\/p>\n

Residents packed the City Council chambers, many complaining that The Pearl would increase traffic, loitering, reduce property values, and wouldn\u2019t mesh with the surrounding blufftop condominiums that line Sierra Avenue.<\/p>\n

\u201cThe city just seems too desperate to fund the building of 10 units to complete the settlement of a bungled lawsuit regarding the loss of 13 low-income units,\u201d said Mark Tiddens, an area resident.<\/p>\n

The Condominium Organization of South Sierra Avenue will vote by Sept. 2 on whether to formally oppose the project. Story poles indicating the outline of the building are now in place at the site, a public parking lot near a beach access.<\/p><\/blockquote>\n

The morality of redistribution of wealth schemes, and the efficacy of Keynesian stimulii notwithstanding, wouldn’t it just be easier to buy ten listed homes for sale?<\/strong> \u00a0 I searched for Solana Beach homes for sale,<\/a> under $600,000, and found 24 active listings. To purchase existing listings meets the ideals of “integrating low-income residents” throughout the community, would be easier to manage, and can be accomplished quickly.<\/p>\n

The City could make a public announcement that it intends to purchase ten homes for less than $550,000, offer a 4% co-brokerage fee, and suggest that it will give preference to short sales or foreclosure situations,\u00a0 My guess is it would be flooded with offers to sell.<\/p>\n

Solana Beach is stuck with the State’s Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My little slice of Heaven, Solana Beach, is developing\u00a0 A $6 million, ten-unit, low-income housing complex: The three-level building would have a 1,300 square-foot market on the ground floor, and 10 housing rental units above. The site is now a parking lot with 31 spots, used heavily for beach access and for the junior lifeguard […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-14998","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4557,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4557\/san-diego-housing-industry-outlook-for-2009\/","url_meta":{"origin":14998,"position":0},"title":"San Diego Housing Industry Outlook For 2009","author":"Brian Brady","date":"September 21, 2008","format":false,"excerpt":"I'm going to republish a little forecasting I did, about ten months ago, on Active Rain.\u00a0 I'll offer some comments in italics (discussing 2009) and welcome yours in the comments section: Lenn Harley caught something I said a year ago and found it to be prescient (her word); I wish\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18158,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18158\/overnight-news-if-youre-looking-for-reliable-returns-the-thing-to-invest-in-is-tangible\/","url_meta":{"origin":14998,"position":1},"title":"Overnight News: If you\u2019re looking for reliable returns, the thing to invest in is… tangible.","author":"Greg Swann","date":"May 20, 2021","format":false,"excerpt":"I have been teasing friends about the vicissitudes of Bitcoin \u2013 how 12x last Friday can turn into 7x by today, and how people who talk about x-ing their \"investments\" are most often degenerate gamblers, losing slowly and lying about it. I'm not nobody's investment advisor, just not yours, but\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5554,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5554\/nar-promotes-housing-stimulus-plan\/","url_meta":{"origin":14998,"position":2},"title":"NAR Promotes Housing Stimulus Plan","author":"Dave Phillips","date":"November 12, 2008","format":false,"excerpt":"Here is a fresh bone for Bloodhounds to chew on.\u00a0 This 4-point stimulus plan was approved by the NAR Board of Directors this past Monday and is being pushed heavily in Washington DC.\u00a0 The National Association of Realtors\u00ae will offer a four-point legislative plan to reinvigorate the housing market, calling\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18053,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18053\/overnight-news-democrats-built-racist-highways-in-democrat-controlled-cities-apparently-thats-your-fault-too\/","url_meta":{"origin":14998,"position":3},"title":"Overnight News: Democrats built racist highways in Democrat-controlled cities. Apparently, that\u2019s your fault,\u00a0too.","author":"Greg Swann","date":"April 15, 2021","format":false,"excerpt":"Transportation Secretary Alfred E. Neuman recently declared that some American highways are racist. Too ludicrous? I haven't read his remarks, but there is truth in what he says. Robert Moses essentially invented the modern freeway \u2013 in Democrat-controlled New York City and State. He was a royalist, an undoubted racist\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17852,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17852\/overnight-news-the-price-pressure-is-inflation-but-the-underlying-demand-highly-localized-is-fear\/","url_meta":{"origin":14998,"position":4},"title":"Overnight News: The price pressure is inflation, but the underlying demand \u2013 highly localized \u2013 is\u00a0fear.","author":"Greg Swann","date":"February 17, 2021","format":false,"excerpt":"Housing prices surged, post-pandemic. 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