Town Square

Post a New Topic

California's housing prices are so high, only 16% of buyers can afford a home

Original post made on Aug 17, 2023

Fewer than 1 in 5 can afford to buy a home in California, according to the latest housing affordability index. In San Mateo, the state's least-affordable county, you'll need to earn $451,200 annually to buy a home.

Read the full story here Web Link posted Wednesday, August 16, 2023, 4:13 PM

Comments (2)

Posted by SalsaMusic
a resident of Cuesta Park
on Aug 17, 2023 at 2:20 pm

SalsaMusic is a registered user.

One thing you never hear the realtors asking for is better transportation. Build more homes so they can sell more.

NAR is like big sugar.

Very nice funded study though!

Posted by People Need Water
a resident of Shoreline West
on Aug 22, 2023 at 11:28 pm

People Need Water is a registered user.

Prices exist in equilibrium. The market is telling you that Earth's resources are tapped, and to stop breeding so that it can recover. But instead people push to build more, thinking that prices will go down. Even if they did go down temporarily (which they won't) people would just keep breeding until demand balanced out the increase in supply. It wouldn't even take very long. But of course, building increases prices. If you're lucky, some place in rural Kansas will get cheaper, but only for a short amount of time. The increase in population, spurred by the decrease in prices, will push prices even further than they were originally

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Sorry, but further commenting on this topic has been closed.

Stay informed.

Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.

Boichik Bagels is opening its newest – and largest – location in Santa Clara this week
By The Peninsula Foodist | 0 comments | 2,603 views

I Do I Don't: How to build a better marriage Page 15
By Chandrama Anderson | 0 comments | 1,210 views

By Laura Stec | 13 comments | 1,091 views

Which homes should lose gas service first?
By Sherry Listgarten | 0 comments | 591 views


Support local families in need

Your contribution to the Holiday Fund will go directly to nonprofits supporting local families and children in need. Last year, Voice readers and foundations contributed a total of $84,000.