Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
California housing remains unaffordable for poorest residents
SAN FRANCISCO, CA - JUNE 15: A large "rent" banner is posted on the side of an apartment building on June 15, 2012 in San Francisco, California. According to a report by Harvard University's Joint Center for Housing Studies, the tepid real estate market could see a turnaround with the price of rental properties surging and vacancies dropping from 10.6 percent in 2009 to 9.5 percent last year, the lowest level since 2002. (Photo by Justin Sullivan/Getty Images)
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California housing remains unaffordable for poorest residents
For years California's housing market has been one of the most expensive in the country, and the economic downturn made houses even less affordable for the state's poorest residents.
That's according to a new report from the California Housing Partnership Corporation, a non-profit group set up by the state to increase the supply of affordable homes.
Matt Schwartz is the group's CEO, and he joins A Martinez to talk about realizations in the report.