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SAN DIEGO (KGTV) — Jurors were again deadlocked in the retrial of the man accused of shooting two people outside of a Metallica concert in downtown San Diego in 2017.In July, 37-year-old Ray Pitoau had his first trial and was found guilty of three firearm charges, including felon in possession of a gun. But jurors were deadlocked when it came to charging him with three counts of assault with a deadly weapon.On Friday a jury, again, could not reach a verdict on the assault charges against Pitoau.RELATED: 526
SAN DIEGO (KGTV) -- Millions of Americans owe more on their homes than they’re actually worth in the first quarter of 2019, according to a new report by Attom Data Solutions. San Diegans, on the other hand, are sitting on equity rich properties. In the U.S. as a whole, more than five million homes were seriously underwater, meaning property owners owe at least 25 percent more than the home is worth. RELATED: Teachers, first responders struggling to afford housing, report saysAlthough the report paints a grim picture for millions of Americans, San Diegans are seeing the opposite. According to the report, nearly 40 percent of properties in San Diego are equity rich, meaning property owners had at least 50 percent equity. In California, 43 percent of properties are equity rich. Other states that fared well include Hawaii, New York, Washington and Vermont. RELATED: City receives financial boost for Section 8 housingNationally, however, more than 9 percent of all U.S. properties with a mortgage are seriously underwater. In several places around the country, more than half of all properties are seriously underwater, according to the report. Those locations include Milwaukee, Trenton, Chicago, St. Louis and Cleveland. 1240
SAN DIEGO (KGTV) — In the late '80s Gary Cheatham founded Auntie Helen's in a one-car garage in North Park in 1988.Gary did fluff-and-fold laundry first for one, then for a handful of friends who were sick with AIDS."Everybody could do it. But nobody would do it. And I think that makes him a superhero in my eyes," says Auntie Helen's current Executive Director, Rod Legg.Fear and stigma at the time hurt the LGBT community as much as the disease, but word spread quickly about Gary's services, and Auntie Helen's grew. Sadly, so did the disease.HIV and AIDS claimed more than 100,000 lives in the U.S. in the 1980s. Many of Gary's clients and friends who died willed their estates to Auntie Helen's.Their belongings accumulated in Gary's garage, which was also where he did laundry. Eventually, with help from a few high-powered friends and other activists, Gary opened Auntie Helen's thrift store in 1989.The laundry service and the thrift store are still located in North Park."We also do COVID-19 [laundry], which is our frontline medical workers. That's a tie in to the past, we had to do that. We had to offer that," Legg says.They're expanding the store, and their outreach, giving out free groceries to their regular clients (about 25-35 individuals) and now also to frontline workers.With COVID-19 leaving so many more people on hard times, they started delivering groceries — no questions asked, no referral needed. At one point, to more than 300 people.Legg explains, "this is everybody's HIV in a sense... We don't know where we're at. We're all wondering what's going to happen the next day, but most importantly is neighbor to neighbor we need to make sure we're taking care of each other."All in keeping with the legacy of Gary Cheatham, about whom, Legg says, "this man was way before his time... Can you imagine the faces of the people that got the hugs, and the clothes? We should all be our heroes, for each other." 1943
SAN DIEGO (KGTV) - It’s a great time to buy a used car. “These deals are once in a lifetime,” said Ivan Drury, a used car expert with Edmunds. Amid the uncertainty caused by the coronavirus pandemic, used car prices have been decreasing. According to Bloomberg News, the average price of a used car fell 11.4% from March to April. Drury predicts those prices could continue to fall, as desperate rental car companies start to offload unused inventory. Hertz, which filed for bankruptcy on Friday, has a fleet of about 500,000 vehicles. It’s unclear what their plan is for them, but Drury suspects they will only keep enough to maintain a basic level of service. “That influx of used vehicles will have a dramatic impact on price,” he said. Adding to the supply of used cars, Drury predicts that some drivers who have leased cars will hold on to them for a few more months rather than trade them in. But in several months to a year, he expects that could lead to another flood of used vehicles. “You kind of have a perfect storm for used car values to drop even further,” said Drury. 1090
SAN DIEGO (KGTV) - Investors are watching carefully to see if interest rates keep dropping, or if they may eventually dip below zero in the United States.Recently, former Chairman of the Federal Reserve Alan Greenspan said it's a possibility, as rates have remained historically low for the past few years.In San Diego, the results of a negative interest rate would be good news for some and bad news for others."Low rates are a double-edged sword," says Dennis Brewster of SagePoint Financial. "If you're a borrower, if you're looking to buy a house today, mortgage rates have never been lower. But if you're a saver and you have money in the bank or in a CD, your rates are pretty poor."Brewster says the interest rate tends to drop when growth in the US is slow, both for the population and the Gross Domestic Product. He says that's what's happening now, as the baby boomer generation is getting older and later generations have fewer children. Brewster says slower population growth leads to slower economic growth because there are fewer people in the workforce, which means company production is down, and so is spending. He says that is happening despite record low unemployment.As for negative interest, Brewster says the average San Diego shouldn't worry since it's unlikely to happen."I wouldn't change your long term plans," he says. "The economy can move forward through high or low rates." 1411