Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage

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That can be demonstrated statistically. According to the Council for Community and Economic Research, San Diego’s cost of living is 32.3 percent above the national average. Among 22 major metro areas,

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Only then, after this long journey, can the young person, now in his or her mid-30s, finally settle down to a nice, stable existence as a faceless widget in the vast and impersonal capitalist machine.

There are two different questions: How do people afford to move to California, and how do people afford to live in California. You want the answer to the first question, and frankly I don’t know the answer. But I do know how many of us afford to live in California. We’ve been here a long time, and bought houses when they were much, much cheaper.

Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage With California property taxes, I can imagine that the mortgage payment on a $950,000 home is almost $5,000 including the escrow, if not more. If you only make $7,500/a month (lets assume take-home income) how can you afford your other.

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The myth can be. report looked only at federal spending. Jeff Sessions’ staff added the states’ contributions as well as a big lie-iit seems they decided to divide total spending on what they call.

Just 51% of Southern California households can comfortably buy an entry-level home – and they’d need to earn at least $70,090 annually, according to a California Association of Realtors. Source: Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage – Orange County Register

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