“Homeownership in California has dropped to 1940s levels. Meanwhile, the cost of rental housing has skyrocketed.
California counties lead the nation for having the most expensive rental housing, according to the National Low Income Housing Coalition.
Among the top 10 least affordable counties in the nation, California held seven spots, and six were in the Bay Area: Marin, San Francisco, San Mateo, Santa Clara, Alameda and Contra Costa counties.
Amie Fishman, executive director of the Non-Profit Housing Association of Northern California, called the state’s ranking “an embarrassing honor to hold and a devastating hardship for our communities.”
Read more via the San Francisco Chronicle