In California, the housing market appears stable, but the income needed to afford a typical home is well over $200,000 a year. Most households make less than half that. Only 18 percent of Californians can afford to purchase a median-priced home. In this episode, economist Oscar Wei explains how interest rates, limited supply, and long-standing policy choices are keeping buyers on the sidelines.
Only 18% of Californians Can Afford to Buy a Home | Oscar Wei
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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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