Californians: Here’s Why Your Housing Costs Are So High

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Housing's impact on the economy. Graphic by the McKinsey Global Institute.

By Ben Christopher and Matt Levin, CALmatters

Half the state’s households struggle to afford the roof over their heads. Homeownership — once a staple of the California dream — is at its lowest rate since World War II. Nearly 70 percent of poor Californians see the majority of their paychecks go immediately to escalating rents.

This month, state lawmakers are debating a long-delayed housing package.

Here’s what you need to know about one of California’s most vexing issues.

Read the complete story at CALmatters. 

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