C.A.R. urges Gov. Newsom to focus on homeownership
“Homeownership, according to the California Housing Finance Agency, is the most effective way that people build wealth and stabilize communities"
However, the housing supply crisis has pushed the median home price sky high; on track to surpass $830,000 in 2022.
This, in a state with a median household income of about $75,000. A stable and prosperous state cannot just have homes priced for software engineers and the already wealthy.