In 1986, I bought a Santa Ana condo for $99,000, and it sold last year for $600,000, reflecting a staggering 612% increase in California home prices.
The common house payment in California has surged 415% since then, while incomes only gained 306%, creating a significant financial gap highlighted as the fourth-worst among states.
Making housing affordable isn’t rocket science, yet it’s equally daunting because simple solutions exist in a complex, multitrillion-dollar issue with diverse interests involved.
To stimulate thought on California's housing challenges, I propose 38 questions that reflect the complexity of housing affordability, urging deeper contemplation rather than easy answers.
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