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SAN DIEGO (KGTV) -- A new report is shedding light on what the typical million home looks like in San Diego. According to Zillow, million in San Diego can buy a single-family home that has 2,410 square feet, four bedrooms and two and a half bathrooms. Families in Chula Vista can get more for their money, where million can buy a 3,890 square foot home with five bedrooms and four and a half bathrooms. RELATED: City fee could be making rents higher in smaller unitsIn contrast, the same amount of money in San Francisco can only buy a one bedroom condo with less than 900 square feet. On a slightly lighter note, million can typically buy a 1,900 square foot, three bedroom, two bathroom home in Los Angeles, Zillow reports. In the U.S., the typical million home is a detached single-family house with about 2,200 square feet with four bedrooms and two and a half bathrooms. "Owning a million home was once a status symbol, but now, due to escalating home prices, it feels closer to the price of entry for homeownership in parts of the country,” said Cheryl Young, senior economist at Zillow.RELATED: Study examines San Diego's 'affordability crisis'That million price tag will go furthest is El Paso, Texas, where million will allow buyers to purchase a more than 7,000 square foot home with five bedrooms and five and a half bathrooms. The Zillow report looks at 100 cities throughout the U.S. Click here to read the full report. 1465
SAN DIEGO (KGTV) - A North Park barber salon is on the brink of shutting down due to the coronavirus.Melissa and Christopher Cage met in high school. Melissa grew up in Watts and Christopher grew up in West L.A."I love it, you know, it made me who I am. It made me strong," Melissa said.Christopher said it was a dangerous place to grow up, "shootings, drive-bys, everything. That's why I wanted to get my kids away from that."They got married and in 2013, Christopher was laid off. They had three kids with a fourth on the way and at that moment he said he would never work for someone else again.He went to barber school. Five and a half years ago the family picked up and moved to San Diego with a dollar in Christopher's pocket."I think I gave my last dollar to a bum," he said, his wife nodding behind him. They were grateful to live in their aunt's living room as they saved up for a new place. They built up enough money to rent a run-down North Park house. They remodeled it and created Originality Barber Salon. Christopher has a row of barber chairs in the front half of the business and Melissa has a serene intimate salon in the back.Their challenges didn't end when the doors opened. Melissa said their biggest challenge was being accepted by the neighborhood.In 2018, someone spray-painted a racial slur in front of their shop. They cleaned it up and used it as motivation to succeed."I'm not going to fight hate with hate, I'm not going anywhere so you're just going to keep seeing me, so might as well," Melissa said.When the pandemic first hit, they kept their positive attitude, looking at it as a vacation."It was a vacation but then it started to get a longer vacation and I'm like okay, we're starting to dip into our savings now. I'm like we need to start figuring something out," she said.They were able to reopen for a few weeks, due to the county orders, and then, forced to close again.Multiple loan applications were denied. They said they were trudging through the permitting process to work outside. When Monday came and barbers could once again work indoors, Chris said it could be too late.They have a child with health issues, putting her at greater risk for catching the coronavirus, so they're trying to balance safety with finances.The couple said their goal of the business is to leave something for their children. They hope to break down barriers and elevate their childrens' opportunities.At the request of friends, they created a GoFundMe page here.The San Diego Black Chamber of Commerce created the Black Business Relief Grant Fund to help businesses facing struggles like Originality Barber Salon. For more information on the grant click here.Chris and Melissa are hoping to receive a grant during the fund's second round of giving, in September. 2798
SAN DIEGO (KGTV) - A San Diego financial expert in San Diego has a message for women looking for success: a man is not a financial plan.Most women would rather talk with the grandmothers about their love lives than talk about financial planning, according to an investment survey done by Oppenheimer Funds.CPA Ginita Wall has a clear message.“Every marriage ends in either divorce or widowhood and 70 percent of the time it’s the woman who’s left alone,” said Wall. “Then thinking that magically, someday, I’ll start saving for retirement, someday I’ll be able to buy a house; living in the someday and not really planning for it today.”Wall moved her CPA practice to San Diego 31 years ago. She realized there was a need.“Women were out in the marketplace, but they weren't managing the money, and sadly, often nobody was.”Wall and financial planner Candace Bahr launched the Women’s Institute for Financial Education (WIFE), a nonprofit to give women the tools to start making a difference.“We didn't have anything to sell anybody. Our whole goal was and continues to be ‘our goal is education,’” said Bahr.Wall and Bahr established Second Saturday, a monthly workshop to teach women what they need to know during divorce. Each session brings in an attorney for matters of the court. Wall gives financial advice, a counselor helps with family issues, and a mediator can settle the differences. The experts volunteer their time.“It’s a decision for many people that may be the largest financial decision of their life, and if you're going through it uninformed or too emotional, it's going to be difficult to make the right choices.”Wall says love and money go together, but so do arguments.“if you loved me more, you wouldn't be spending this money, spending more on me, or you would understand how I feel.” Wall advises couples to talk about what’s important to them, make goals, create a concrete plan and monitor it.“So we want women to be partners in a relationship, not dependents,” said Bahr.Wall and Bahr’s money message has gone national. Second Saturday is now in 115 other locations around the country, and there are plans to be in 500 cities soon.“It's amazing because we didn't set out to do this for 31 years. We set out to make a difference, and I never expected it to get this big,” said Bahr.WIFE is now the longest-running nonprofit devoted to the financial education of women. 2409
SAN DIEGO (KGTV) -- A new report sheds a light on how much space San Diego renters can afford based on median income. San Diego’s median income can afford renters 552 square feet, according to a new report by Rent Café. The City of San Diego says the median income for a family of four is ,400. RELATED: San Diego among most rent-burdened cities in U.S.In Chula Vista, the median income goes slightly further at 565 square feet. According to Data USA, the median household income in the South Bay city is slightly less than ,000. While 552 square feet may not seem like a ton of space, the median income in other California cities affords renters far less. According to the report, if you limit spending on rent to 30 percent of your income, you’d have to live in less than 350 square feet in both Los Angeles and Oakland. RELATED: San Diego among top cities where adults still live with parents, study saysSan Francisco placed slightly higher on the list at 407 square feet due to a higher median income. Gilbert, Arizona ranked highest on the list, where the median income has the buying power of a little more than 1,170 square feet. The median household income in the Arizona city is slightly more than ,000, according to Data USA. 1253
SAN DIEGO (KGTV) - A San Diego Fire-Rescue chaplain found himself in need after flames ripped through his apartment in Old Town.Father David Fucci was with a friend last Thursday night when he got a call."My neighbor calls and says, 'Your apartment is on fire'," said Father Fucci.As he raced home, a mix of feelings washed over him. For about seven years, he's served as a volunteer chaplain, consoling victims during tragedy."That night, it felt surreal. Almost like an out-of-body experience. Normally I'm the one driving to the scene, thinking about what I can say," said Father Fucci.Instead, he could only watch as flames claimed his home. "Just kept thinking, don't let it spread to any other apartments and thankfully, it didn't," said Father Fucci.Then, something remarkable happened. As word spread of whose apartment it was, some familiar faces began appearing, including five other volunteer chaplains and a battalion chief."They took the time to put a hand on my shoulders. I knew I was blessed," said Father Fucci.Father Fucci found himself the person receiving comfort. "Sometimes those that give, it's hard to receive ... the compassion, love and help. You learn to let go," said Father Fucci.In the end, the apartment was declared a total loss. Amid the ashes, Father Fucci found something that survived."I found a picture of Mom and Dad. Last picture of them. They died a year later," said Father Fucci.He also discovered something else. He calls it a blessing born from his loss: a perspective that will allow him to better help others at the next scene."Now you have a greater understanding of what they need," said Father Fucci.Father Fucci did not have renters insurance. He tells us the cause is accidental, but the exact cause hasn't been determined.A Gofundme campaign has been set up to help him with expenses. 1844