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Generations of Americans have been lured west by the dream of California living -- but living in California isn't cheap. Notorious for high housing costs, high taxes and a high cost of living, the...
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
The average home price is now just under $350,000, making homebuying a financial impossibility for many families. Those looking for an affordable alternative may consider renting a single-family ...
According to a recent study from Realtor.com, minimum wages in 23 of the top 50 markets were set to increase at the beginning of the year, which could make rent payments more affordable for...
The city's first ever affordable housing complex for previously homeless residents, Second Street Studios, opened in August 2019. [27] San Jose was one of few cities in America to have rent control laws, which were adopted by the city in 1979. [28] A statewide rent control bill was signed into law by governor Gavin Newsom in October 2019. [29]
With the rise in property prices in Southern California, the supply and quality of housing that is affordable less common. There is also a significant increase in landlord and property developer attempts to demolish affordable housing to build luxury units or to substantially renovate existing affordable housing in order to get higher-paying ...
The Regional Housing Needs Assessment (RHNA) is the California state-mandated process within the housing element of its General Plan, to determine how much housing must be planned for each jurisdiction (city or unincorporated county) according to Housing Element Law to meet 'projected and existing' housing needs at a variety of affordability levels.
Brent Long leads the build-to-rent expansion for Christopher Todd Communities in Arizona. He says the renters range in age from Gen Z to Baby Boomers. "It's really renters by choice and renters by ...
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