A fifth of California homes are investor-owned as state’s affordability crisis deepens – report
The article discusses the increasing rate of investor-owned homes in California, which has contributed to the state's ongoing affordability crisis. According to the data, one in five homes in California is owned by investors, with the rate being as high as 83% in some mountain regions. This trend reflects the growing challenge of housing affordability in the state, where the high demand for homes and limited supply have driven up prices, making it increasingly difficult for first-time and low-income buyers to purchase property. The article highlights the significant impact of investor-owned homes on the state's housing market, underscoring the need for policymakers to address the underlying issues that have led to this crisis.
Source: For the complete article, please visit the original source link below.
