#california-housing

#california-housing

Here is yet another way to look at the financial challenges of California homeownership: Recurring costs eat up more than half of household income for roughly 1 in 6 owners statewide. My trusty spreadsheet identified this affordability challenge by analyzing 2024 Census Bureau housing data for the 50 states and the District of Columbia. These latest figures detail swings in who owns their residence, how much they pay a month, and how many owner households are financially swamped by expenses.

My trusty spreadsheet reviewed data from Cotality - previously known as CoreLogic - tracking the share of single-family home purchases made by people not occupying the property. My focus was on the average pace of the past 18 months - last year and the first six months of 2025 - and how those investment patterns compared to the previous nine years. What stands out: Seven of California's 10 most significant increases in investor share of homebuying were nowhere near the Pacific.

The Linden Drive project was one of the first proposals in Beverly Hills to exploit the legal loophole that lets builders override local planning boards when cities fail to plan for new housing as required by state law.