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 7 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: CEMEX’s New Mining Plan for the San Joaquin River

DON'T MISS

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

DON'T MISS

China Halts Approvals for New US Investment Projects

DON'T MISS

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

DON'T MISS

Trump Tariff Fears Erase $2 Trillion From US Stocks

DON'T MISS

Startup Offers Controversial Microplastic Blood Cleansing Treatment

DON'T MISS

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

DON'T MISS

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

UP NEXT

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

UP NEXT

China Halts Approvals for New US Investment Projects

UP NEXT

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

UP NEXT

Trump Tariff Fears Erase $2 Trillion From US Stocks

UP NEXT

Startup Offers Controversial Microplastic Blood Cleansing Treatment

UP NEXT

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

UP NEXT

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

UP NEXT

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

UP NEXT

Pentagon’s Watchdog to Review Hegseth’s Use of Signal App to Convey Plans for Houthi Strike

UP NEXT

President Trump’s Tariffs Could Be the Political Tipping Point

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

12 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

12 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

12 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

13 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

15 hours ago

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

15 hours ago

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

15 hours ago

Pentagon’s Watchdog to Review Hegseth’s Use of Signal App to Convey Plans for Houthi Strike

15 hours ago

President Trump’s Tariffs Could Be the Political Tipping Point

16 hours ago

Order That Kept Water in the Kern River Reversed by 5th District Court of Appeal

17 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

GV Wire’s Edward Smith talks with KMPH Fox 26 “Great Day” anchor Christina Rodriguez about the possibility of CEMEX digging a 600-foot hole ...

11 hours ago

11 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington. (AP/Mark Schiefelbein)
11 hours ago

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

11 hours ago

China Halts Approvals for New US Investment Projects

12 hours ago

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

12 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

12 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

Dr. Mehmet Oz, President Donald Trump's pick to lead the Centers for Medicare and Medicaid Services, seated right, gives a thumbs-up alongside his wife Lisa Oz, seated left, with friends and family after he testified at his confirmation hearing before the Senate Finance Committee, on Capitol Hill in Washington, Friday, March 14, 2025. (AP/Ben Curtis)
13 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

15 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

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

Search

Send this to a friend