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San Diego properties are now worth a record $627 billion


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San Diego’s collective real estate portfolio is worth more than ever before, thriving instead of dying during a pandemic that introduced chaos and uncertainty into the market.
Tuesday, the San Diego County Assessor’s Office reported the assessed value of all taxable property in the county in 2021, as of Jan. 1, grew to a record-setting $627.25 billion. The sum includes residential, commercial and industrial land, and represents an increase of 3.72 percent over 2020. It also reflects property tax reductions for values affected by COVID-19 government restrictions.
The $22.5 billion, year-over-year bump in the county-wide property values, while less pronounced than last year’s 5.18 percent jump, continues the upward trajectory of the region’s expanding valuation following the Great Recession. The most values ever went up was in 2005, at the height of the housing boom, when the value of taxable property increased 13.3 percent. ....

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San Diego County Taxpayers Association finds many issues with Mayor Gloria's 2022 budget -


SAN DIEGO (KUSI) -The City of San Diego’s 2022 budget, has many issues, according the the San Diego County Taxpayers Association.
Haney Hong, president & CEO of the San Diego County Taxpayers Association, released the following statement today on budget hearings for the City of San Diego:
“We appreciate the hard work of Mayor Todd Gloria and his staff in developing this budget for the City of San Diego, but there are a number of issues that need to be explored by the City Council through the budget hearings.”
“First, the mayor’s office claims that this budget takes a long-term view and closes the structural deficit, yet it is unclear how the budget submission does that. Simply projecting in five years that revenues will equal expenditures is not proactively managing the city’s costs, and as someone once told me, hope is far from a strategy. The cuts in the mayor’s proposal are minor, and the Council – if truly interested in managing the public purse – ....

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DETERMINATION, FAITH AND GRIT


“I thought well, you have a broker’s license, just be your own brokerage,” Farley said.
She has also become a key voice for the real estate professionals in San Diego as president of the Greater San Diego Association of Realtors – the first black woman to head the organization.
Active in the New Creation Church of San Diego, Farley also is a deeply religious person as evidenced by the name of her real estate business.
“Corban means a gift consecrated to God. For me, that was my mantra, that everything that happened would be contracted to God,” Farley said. “God always sees about me, he definitely sees about me.” ....

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Chaos at the Capitol: San Diegans reflect on the Jan. 6 attack they'll never forget


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All week, we will be publishing essays from San Diegans about last week’s rioting by a mob incited by President Donald Trump in Washington, D.C.
We must vow to never let this happen again
Shelley Zimmerman is San Diego’s former chief of police. She retired in 2018 after 35 years with the San Diego Police Department.
During the terrible events of Sept. 11, 2001, and grieving for all the lives lost, I remember being thankful the people’s house, the Capitol building, that beautiful dome, was not destroyed and still stood proudly. I never could have imagined that almost two decades later, its security would be breached not by foreign terrorists but by domestic terrorists intent on disrupting the work of our nation. ....

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