Please ensure Javascript is enabled for purposes of website accessibility
Why the California Housing Market Is so Expensive in 2024
gvw_calmatters
By CalMatters
Published 8 months ago on
September 12, 2024

California's housing shortage fuels high costs, with only 3,789 units per 10,000 people despite recent construction. (CalMatters)

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:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

‘Luigi Mangione Act’ Seeks to Block Health Insurance Denials, Sparks Outrage Over Name

Newark Airport Has Another Radar Outage

21 minutes ago

Judge Orders Release of Tufts Student Detained by ICE

25 minutes ago

Today Harvard Is the Target. Tomorrow It Could Be Your Church.

A Weaponized Tax Code Could Backfire on Conservatives. Conservatives like me once instinctively understood that expanding government power —...

2 minutes ago

https://www.communitymedical.org/thecause?utm_source=Misfit+Digital&utm_medium=GVWire+Banner+Ads&utm_campaign=Branding+2025&utm_content=thecause
2 minutes ago

Today Harvard Is the Target. Tomorrow It Could Be Your Church.

Suspect Luigi Mangione is taken into the Blair County Courthouse on Tuesday, Dec. 10, 2024, in Hollidaysburg, Pa. (Benjamin B. Braun/Pittsburgh Post-Gazette via AP)
5 minutes ago

‘Luigi Mangione Act’ Seeks to Block Health Insurance Denials, Sparks Outrage Over Name

12 minutes ago

Jerry Springer — Yes, That Jerry Springer — Can Save the Democrats

Newark Liberty International Airport in Newark, N.J., on Wednesday, May 7, 2025. An air traffic control facility that guides planes at Newark Liberty suffered a 90-second radar outage just before 4 a.m on the morning of May 9, the latest technological disruption at one of the nation’s busiest airports. (Dakota Santiago/The New York Times)
21 minutes ago

Newark Airport Has Another Radar Outage

People rally in support of Rumeysa Ozturk during a hearing at the John Joseph Moakley United States Courthouse in Boston, on April 3, 2025. A federal judge said Ozturk’s detention threatened to chill the speech of millions of noncitizens. (Sophie Park/The New York Times)
25 minutes ago

Judge Orders Release of Tufts Student Detained by ICE

Librarian of Congress Carla Hayden speaks during a discussion with historians on how to "establish and preserve the narrative of January 6th" on the one-year anniversary of the attack on the Capitol in Washington, U.S., January 6, 2022. Al Drago/Pool via REUTERS/File Photo
45 minutes ago

White House Confirms Trump Fired Librarian of Congress

Michael Lee Brewer is Valley Crime Stoppers' Most Wanted Person of the Day for May 8, 2025. (Valley Crimes Stoppers)
1 hour ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Michael Lee Brewer

2 hours ago

Fresno State Awards Honorary Doctorates to Educator, Prisons Official, Businessman

Help continue the work that gets you the news that matters most.

Search

Send this to a friend