Скачать или смотреть California Governor Faces Backlash as Median Home Costs Double Since 2020

"California's housing crisis has reached catastrophic levels with median home prices hitting $905,680—more than double the national average. Only 15% of California households can now afford to buy a home, creating the most severe housing affordability crisis in modern American history. Monthly payments for a mid-tier home have exploded to $5,500, a staggering 74% increase since January 2020, while wages have grown only 25%. To qualify for a mortgage on a median-priced home, families need an annual income of $221,000—more than double the state's median household income of $102,000. This isn't just a housing shortage—it's the systematic destruction of middle-class homeownership and generational wealth building. Teachers earning $75,000, police officers making $90,000, and nurses pulling in $100,000 find themselves permanently locked out of homeownership in the communities they serve. The 20% down payment alone requires $181,000 in cash, an impossible sum for families already paying $2,500+ monthly rents. Nearly 80% of current homeowners have mortgage rates below 5%, trapping them in their properties and reducing inventory for new buyers. The crisis has created a two-tier system: property-owning elites and permanently renting masses. Young adults delay marriage and children due to housing constraints. Multi-generational living has become economic necessity rather than cultural choice. Essential workers commute two hours each way because they can't afford homes in the cities they serve. This comprehensive analysis reveals how decades of under-building, regulatory barriers, and market distortions have transformed the California Dream into a historical artifact available only to the wealthy."