The cost of an average home in California is about $870,000. To afford a mortgage that includes taxes and insurance on such a home, a household would need an income exceeding $250,000 per year. However, the average household income in California is only $136,000. Some say prices or interest rates must drop, but others argue low supply will keep prices high. Our guest, Curt Pringle—former mayor of Anaheim and California Assembly Speaker—has spent decades observing issues with the state’s construction code.
Former Mayor Explains What’s Preventing Housing Development in California | Curt Pringle
Former Mayor Explains What’s Preventing Housing Development in California | Curt Pringle
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Siyamak Khorrami
Author
Siyamak Khorrami has been the general manager and chief editor of the Southern California edition of The Epoch Times since 2017. He is also the host of the “California Insider” show, which showcases leaders and professionals across the state with inside information about trending topics and critical issues in California.
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