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Author Topic: Only 15% of Californians can afford a home, new data shows  (Read 2228 times)

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Offline rangerrebew

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Only 15% of Californians can afford a home, new data shows
« on: November 12, 2023, 08:18:33 am »
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
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Offline The_Reader_David

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Re: Only 15% of Californians can afford a home, new data shows
« Reply #1 on: November 12, 2023, 09:08:50 am »
... 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.
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Offline Wingnut

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Re: Only 15% of Californians can afford a home, new data shows
« Reply #2 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.
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Offline andy58-in-nh

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Re: Only 15% of Californians can afford a home, new data shows
« Reply #3 on: November 23, 2023, 11:06:29 am »
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.
:beer:
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Offline LMAO

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Re: Only 15% of Californians can afford a home, new data shows
« Reply #4 on: November 24, 2023, 06:32:26 am »
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.

Or Texas-ee

Or Florida-ee

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Offline sneakypete

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Re: Only 15% of Californians can afford a home, new data shows
« Reply #5 on: November 24, 2023, 07:45:39 am »
I wonder how many can no longer  afford their OWN  homes,due to leftist  taxation in order to support the parasitic homeless Dim voters that now live in Ca?
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