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Only 15% of Californians can afford a home, new data shows

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rangerrebew:
Only 15% of Californians can afford a home, new data shows
© Provided by WOOD Grand Rapids

(KTLA) — Only 15% of California households could afford to buy a home during the third quarter of 2023, according to new figures released by the California Association of Realtors.

The new figures represent the lowest home affordability rate since 2007.

The latest figures show that California’s housing affordability rates continue to decrease after dropping to 16% in the second quarter of 2023.
 
For comparison, about 56% of California home buyers could afford a home during the first quarter of 2012, the index’s peak high, a news release said.
 
However, house affordability rates have dropped significantly since then, thanks to high housing costs, low inventory, and increasing interest rates.

https://www.msn.com/en-us/money/realestate/only-15-of-californians-can-afford-a-home-new-data-shows/ar-AA1jM35M?ocid=msedgntp&pc=U531&cvid=2983023fcaf04db08e8c0f67bfd5b923&ei=29

The_Reader_David:
... a home [in California].  I suspect most Californians could buy a home if they were willing to relocate, say to western Kansas or to a city with an urban homesteading program.

Wingnut:
Theme from the 2023 Beverly Hillbillies reboot.

Californy is the place we have to flee. So they loaded up the truck and returned to Tennessee.

andy58-in-nh:

--- Quote from: Wingnut on November 23, 2023, 10:57:18 am ---Theme from the 2023 Beverly Hillbillies reboot.

Californy is the place we have to flee. So they loaded up the truck and returned to Tennessee.

--- End quote ---
:beer:

LMAO:

--- Quote from: Wingnut on November 23, 2023, 10:57:18 am ---Theme from the 2023 Beverly Hillbillies reboot.

Californy is the place we have to flee. So they loaded up the truck and returned to Tennessee.

--- End quote ---

Or Texas-ee

Or Florida-ee

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