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SAN DIEGO (KGTV) -- A rental forecast out Wednesday predicts that San Diego County's affordable housing crisis will worsen through 2020. According to the University of Southern California Casden Economics Forecast, “even under the best case standard, few units in Southern California are affordable.”By 2020, the report forecasts that average monthly rents will increase by 9 in San Diego County, the highest among all Southern California areas.The report predicts that the San Diego will continue to see economic and population growth over the “foreseeable future” with the economy’s leading sectors continuing to draw a variety of workers.The forecast also shows San Diego’s popularity among older members of the population, including retirees.As a result, housing demand will continue in both the renter and owner-occupied markets, leading rents to increase as vacancy rates remain low.In 2020, the average rent is predicted to be ,187 with a 3.75 percent vacancy rate. 995
SAN DIEGO (KGTV) — A San Diego businessman pleaded guilty in federal court on Wednesday to charges of bank fraud and tax evasion in connection with failing to report hundreds of thousands of dollars in income and fraudulently obtaining a mortgage.David Daughtrey, 60, of El Cajon, admitted to evading taxes by failing to report 8,612 of income to the IRS and also fraudulently obtaining a mortgage for his .8 million home using a third party, U.S. District Attorney officials said.As part of his plea agreement, Daughtrey will pay ,016,457.91 in restitution to the IRS. He's scheduled to be sentenced on Nov. 16.RELATED: San Diego businesswoman pleads guilty in liquor license loan fraud"People who cheat on their taxes are cheating all other law-abiding taxpayers," said U.S. Attorney Robert Brewer. "Mr. Daughtrey blatantly disregarded his tax obligations for years. The defendant not only abused the tax system for his own financial benefit, but conspired to commit bank fraud in order to maintain this lifestyle."Daughtrey admitted that from July 2006 until April 2016, he conspired with others to commit bank fraud and tax evasion. As part of the fraud scheme, he directed another person to submit a mortgage application to Wells Fargo to buy a .8 million five-bedroom home, officials say, and falsely claim that the fund used as a down payment belonged to a third party and the third party would be the primary homeowner.In reality, Daughtrey provided the funds and the house was intended to be his primary residence. He later submitted a false hardship letter on behalf of the third party to get the bank to modify the terms of the home loan, officials added.He also admitted that over several years, he and his spouse, who is not charged in the case, conspired to falsely report total income in tax years 2012 through 2015. Officials say in 2012, Daughtrey omitted at least 8,612 in income and the IRA tax loss for years 2012-2014 was 6,536. "Our nation’s tax system funds critical infrastructures and vital programs, including supporting our citizens and small businesses during the ongoing pandemic," said Ryan L. Korner, Special Agent in Charge, IRS Criminal Investigation. "Honest Americans’ compliance with the tax laws is imperative. Rather than pay his fair share, David Daughtrey chose to live lavishly, while intentionally failing to report his true income and evading the payment of over 0,000 in taxes." 2448
SAN DIEGO (KGTV) – A man was arrested in connection with the shooting death of a woman in a Mountain View apartment, San Diego police announced Thursday.SDPD officials said officers responded to reports of a shooting inside an apartment unit in the 4500 block of Imperial Avenue at around 4:30 p.m. Wednesday.Officers arrived and found a woman, later identified as Emily Cortez, with a gunshot wound in her upper torso. She was located on an upstairs walkway of the apartment complex, SDPD officials said.According to police, a man was providing medical aid as officers and emergency medical crews arrived at the scene.Despite life-saving efforts, Cortez, 19, was declared dead at the scene.During their investigation, SDPD Homicide Unit detectives identified the suspected gunman as 18-year-old Jorge Manuel Sanchez and arrested him in connection with Cortez’s death.SDPD officials said Cortez and Sanchez lived in the apartment where the incident occurred, and the suspect and victim were in a relationship.No other information was released.Anyone with information regarding the incident is urged to call the SDPD Homicide Unit at 619-531-2293 or Crime Stoppers at 888-580-8477. 1188
SAN DIEGO (KGTV) - A rash of mail tampering incidents has led to missing money and an unusual M.O.On Winnebago Avenue in late June, Kelly Craig was standing in front of her home talking to a neighbor."Around 10:30 a.m., the mail carrier dropped off the mail in front of me," said Craig.A few minutes later, Craig got her mail and noticed something. One of her envelopes was sliced open on the side. "Looks like a razor blade slit the side," said Craig.Inside, she found a birthday card from her mother, mailed from Montana. The usual money was not there. A call to mom revealed 0 in cash should have been inside."Felt panicked and really sad the money was missing, and my mom was really upset," said Craig.Craig wasn't alone. That same day, less than two miles away, her daughter-in-law went to get her mail."She got a wedding card from my sister, and it had cash in it as well," said Craig.The 0 that was inside was gone. That envelope was also sliced open on the left side, but there was one difference. The side and back of the enveloped were resealed with tape."Clearly trying to cover up their stealing of the money," said Craig.When Craig and her daughter-in-law reported it to postal authorities, they say they were told of similar recent incidents, including one if the College Area. On the Nextdoor app , several neighbors also reporting similar incidents. Postal supervisors told Craig her card went through multiple locations, before ending up at the Clairemont post office for delivery."Somewhere along the line, someone took that money out," said Craig.The USPS has warned against sending cash in the mail. 10news did reach out to the Postal Inspection Service and are waiting to hear back. 1717
SAN DIEGO (KGTV) -- A new report shows that San Diegans are spending most of their income on housing. In total, the average San Diego household spent nearly ,000 per year on expenses, according to the report by the U.S. Bureau of Labor Statistics. From 2017 to 2018, more than ,000 went to housing for the average San Diegan, accounting for nearly 36 percent of families’ household budgets. Likewise, San Diegans paid an average of more than ,300 on transportation and over ,600 on food between 2017 and 2018. 530