California — an anti-housing state — has lower home ownership rates than all but two states
Here’s the most recent figures on home ownership, by state. Not surprisingly, 47 states have higher homeownership rates than California. We are 48th. Hawaii — where everything but sun and surf has to be imported by boat or plane — is 49th. CA is essentially tied with Hawaii — or they are essentially tied with us (take your pick).
50th is NY. California politicians LOVE NY — the state that often keeps CA from being the worst at whatever.
I suppose some will be surprised that the Golden State is “only” 48th. Revel in our success.
http://www.businessinsider.com/homeownership-rate-state-map-2017-7
One point must be made — it’s not the high demand in CA that keeps houses out of reach of many families. It’s government-imposed housing scarcity, combined with high CA building costs — especially huge building fees,
How scarce is CA housing? Consider: The housing is fare cheaper in Texas than CA for a reason. In Texas, government is friendly to home builders — rather… Read More