California's housing shortage fuels high costs, with only 3,789 units per 10,000 people despite recent construction. (CalMatters)
- Home prices have soared to 11 times average income, with the median price 2.5 times the national figure.
- Only half of Californians own homes, the second-lowest rate nationwide, with stark racial disparities in ownership.
- Over 50% of renters are cost-burdened, spending over 30% of income on rent, with worse rates for people of color.
Share
Getting your Trinity Audio player ready...
|
California is an expensive place to call home.
It’s such a fundamental part of California life it almost feels silly to say. Along with good weather, sunny beaches, Hollywood, and the Golden Gate Bridge, the sky-high cost of housing has become part of the state’s national identity.
The high cost of housing touches virtually every aspect of life across the state. It shapes where we can and can’t live and with whom, where our kids can grow up and go to school, where we can work and how long our commutes are.
It is the root cause of some of the state’s most pressing crises, like homelessness and poverty, and there are few challenges Californians face that aren’t made worse by the relative scarcity of affordable places to call home.
High rents widen the gap between rich and poor. High home prices make wealth generation an ever-more exclusive pursuit. Expensive cities force more workers to commute, which means more driving, traffic, and greenhouse gas emissions.
“There’s no issue that impacts the state in more ways on more days than the issue of housing,” Gov. Gavin Newsom has said. “This is the original sin in the state of California.”
We know all of this is true. We live it every day. But how did things get so bad? And is there anything we can do to make California affordable again?
Click here to learn what you need to know about California’s exorbitant housing costs.
About CalMatters
CalMatters is a nonprofit, nonpartisan newsroom committed to explaining California policy and politics.
RELATED TOPICS:
California Schools Face Twin Perils: Chronic Absenteeism and Declining Enrollment
28 mins ago
McCaffrey Heads into Week 2 with the ‘Mentality’ He’ll Play Against Vikings
1 hour ago
Shocker! California’s Most Liberal City Embraces Homeless Sweeps
2 hours ago
Tech Billionaire Pulls Off First Private Spacewalk High Above Earth
2 hours ago
A Bag of Cheetos Created a Huge Impact on a National Park Ecosystem
2 hours ago
US Sanctions 16 Allies of Venezuela’s President Over Accusations of Obstructing the Election
3 hours ago
USC Sports Teams Light up With a Cookies Cannabis Deal