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

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

DON'T MISS

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

DON'T MISS

Fresno Police Will Conduct DUI Patrols on Saturday

DON'T MISS

Visalia Motorcyclist Ejected in Early Morning Crash

DON'T MISS

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

DON'T MISS

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

DON'T MISS

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

DON'T MISS

Trump Administration Appeals Court Ruling on AP Journalists’ Re-Admission

DON'T MISS

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

DON'T MISS

Wonton Serves up a Big Dish of Playful Companionship

DON'T MISS

Egg Prices Increase to Record High Despite Trump’s Predictions and Bird Flu Outbreak Slowing

UP NEXT

Fresno Police Will Conduct DUI Patrols on Saturday

UP NEXT

Visalia Motorcyclist Ejected in Early Morning Crash

UP NEXT

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

UP NEXT

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

UP NEXT

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

UP NEXT

Trump Administration Appeals Court Ruling on AP Journalists’ Re-Admission

UP NEXT

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

UP NEXT

Wonton Serves up a Big Dish of Playful Companionship

UP NEXT

Egg Prices Increase to Record High Despite Trump’s Predictions and Bird Flu Outbreak Slowing

UP NEXT

This Flour Makes Gluten-Free Baking So Good

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

49 minutes ago

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

52 minutes ago

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

56 minutes ago

Trump Administration Appeals Court Ruling on AP Journalists’ Re-Admission

1 hour ago

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

1 hour ago

Wonton Serves up a Big Dish of Playful Companionship

1 hour ago

Egg Prices Increase to Record High Despite Trump’s Predictions and Bird Flu Outbreak Slowing

1 hour ago

This Flour Makes Gluten-Free Baking So Good

1 hour ago

Inflation Eased Sharply in March

2 hours ago

Prada Agrees to Buy Rival Fashion House Versace in a Deal Valued at $1.4 Billion

2 hours ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

April 10, 2025 Most Wanted Person of the Day Suspect Name: Leal Ray Simmons Suspects Date of Birth: April 14, 1983 Physical Description: Bla...

5 minutes ago

Leal Ray Simmons is Valley Crime Stoppers' Most Wanted Person of the Day for April 10, 2025. (Valley Crimes Stoppers)
5 minutes ago

Valley Crime Stoppers’ Most Wanted Person of the Day: Leal Ray Simmons

12 minutes ago

Fresno Police Will Conduct DUI Patrols on Saturday

A motorcyclist was in a solo vehicle crash on Thursday, April 10, 2025, that sent him to the hospital with serious injuries. (Visalia PD)
38 minutes ago

Visalia Motorcyclist Ejected in Early Morning Crash

Los Angeles Lakers' Luka Doncic (77) reacts to play in the second half of an NBA basketball game against the Dallas Mavericks in Dallas, Wednesday, April 9, 2025. (AP/LM Otero)
49 minutes ago

Luka Doncic Scores 45 Points in Dallas Return as Lakers Clinch Playoff Spot

52 minutes ago

Teoscar Hernández Homers and Drives in 3 as Dodgers Defeat Nationals to Avoid Sweep

56 minutes ago

Yastrzemski Hits a 2-Run Homer in the 10th Inning and Giants Top Reds

FILE - The Associated Press logo is shown at the entrance to the news organization's office in New York on Thursday, July 13, 2023. (AP File)
1 hour ago

Trump Administration Appeals Court Ruling on AP Journalists’ Re-Admission

1 hour ago

Warriors Stunned by Spurs on Harrison Barnes’ Late 3-Pointer

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

Search

Send this to a friend