#1,889 - Cali Doom Loop continues: Just 16% of Californians Can Afford to Buy Home

Are you ready to face the harsh reality of California's housing affordability crisis? Strap in as we pull back the curtain on the startling truth that a mere 16% of Californians can afford to buy a median-priced home. We'll journey through the top five least affordable counties, shedding light on how even in the most affordable county, a paltry 30% of residents qualify for a home purchase. We won't shy away from the uncomfortable truths about the American dream hanging in the balance for many.

Brace yourself as we navigate through the minefield of soaring gas prices, the gas tax, and escalating inflation rates, all conspiring against the residential real estate market. We'll scrutinize how the state's political machinery has been ineffectual in addressing the homelessness and housing crisis, contributing to a mass exodus of residents. We'll also zero in on the crippling cost of food, housing, utilities, and the state income tax. Join us as we unmask the grim reality of many Californians' existence - a life lived paycheck to paycheck. This episode is crucial listening for anyone seeking to comprehend the multifaceted crisis now engulfing California.

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