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 5 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

Wired Wednesday: Fired Teacher and Coach Ed Madec Seeks Justice

DON'T MISS

Fresno Location Is Among the 500 JOANN Fabrics Closures

DON'T MISS

Clovis Wrestles With Fallout From ‘Non-Sanctuary City’ Idea

DON'T MISS

California Farm Donates Hundreds of Thousands of Eggs to Wildfire Victims, First Responders

DON'T MISS

As Council Race Heats Up, Dyer Credits ‘One Fresno’ for New SE Sports Park

DON'T MISS

Editorials of The Times: Now Is Not the Time to Tune Out

DON'T MISS

Fresno Unified Substitute Questions Students About Immigration Status

DON'T MISS

USAID in Turmoil as Aid Programs Cut, Staff Stranded

DON'T MISS

Look Past Elon Musk’s Chaos. There’s Something More Sinister at Work.

DON'T MISS

Navy Crew Members Eject From Their Jet Before It Crashes off the San Diego Coast

UP NEXT

Fresno Location Is Among the 500 JOANN Fabrics Closures

UP NEXT

Clovis Wrestles With Fallout From ‘Non-Sanctuary City’ Idea

UP NEXT

California Farm Donates Hundreds of Thousands of Eggs to Wildfire Victims, First Responders

UP NEXT

As Council Race Heats Up, Dyer Credits ‘One Fresno’ for New SE Sports Park

UP NEXT

Editorials of The Times: Now Is Not the Time to Tune Out

UP NEXT

USAID in Turmoil as Aid Programs Cut, Staff Stranded

UP NEXT

Look Past Elon Musk’s Chaos. There’s Something More Sinister at Work.

UP NEXT

Navy Crew Members Eject From Their Jet Before It Crashes off the San Diego Coast

UP NEXT

Kellen Moore Exits Eagles to Become Saints Head Coach

UP NEXT

The Deadly Truth: Record Number of Journalists Killed in 2024

California Farm Donates Hundreds of Thousands of Eggs to Wildfire Victims, First Responders

3 hours ago

As Council Race Heats Up, Dyer Credits ‘One Fresno’ for New SE Sports Park

3 hours ago

Editorials of The Times: Now Is Not the Time to Tune Out

4 hours ago

Fresno Unified Substitute Questions Students About Immigration Status

4 hours ago

USAID in Turmoil as Aid Programs Cut, Staff Stranded

5 hours ago

Look Past Elon Musk’s Chaos. There’s Something More Sinister at Work.

5 hours ago

Navy Crew Members Eject From Their Jet Before It Crashes off the San Diego Coast

5 hours ago

Kellen Moore Exits Eagles to Become Saints Head Coach

5 hours ago

The Deadly Truth: Record Number of Journalists Killed in 2024

6 hours ago

CHP K-9 Seizes 50 Pounds of Illicit Mushrooms in Fresno County

7 hours ago

Wired Wednesday: Fired Teacher and Coach Ed Madec Seeks Justice

On this week’s Wired Wednesday, GV Wire senior reporter David Taub talks with KMPH Fox 26 “Great Day” anchor Karl Cooke about the firing of ...

2 hours ago

2 hours ago

Wired Wednesday: Fired Teacher and Coach Ed Madec Seeks Justice

2 hours ago

Fresno Location Is Among the 500 JOANN Fabrics Closures

3 hours ago

Clovis Wrestles With Fallout From ‘Non-Sanctuary City’ Idea

Rosemary Farm family representatives Jose Pelayo, left, and Lisa Stothart deliver a donation of hundreds of thousands of fresh eggs to feed first responders and those in need in the community through the donation of Rosemary Eggs at the Los Angeles Food Regional Bank in City of Industry, Calif., Wednesday, Feb. 12, 2025. (AP/Damian Dovarganes)
3 hours ago

California Farm Donates Hundreds of Thousands of Eggs to Wildfire Victims, First Responders

3 hours ago

As Council Race Heats Up, Dyer Credits ‘One Fresno’ for New SE Sports Park

President Donald Trump signs an executive order on birthright citizenship in the Oval Office of the White House, Monday, Jan. 20, 2025, in Washington. (AP/Evan Vucci)
4 hours ago

Editorials of The Times: Now Is Not the Time to Tune Out

4 hours ago

Fresno Unified Substitute Questions Students About Immigration Status

Priya Kathpal, right, and Taylor Williamson, left, who work for a company doing contract work for the United States Agency for International Development, or USAID, carry signs outside the USAID headquarters in Washington, Monday, Feb. 10, 2025. (AP/Manuel Balce Ceneta)
5 hours ago

USAID in Turmoil as Aid Programs Cut, Staff Stranded

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

Search

Send this to a friend