Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

California's Housing Costs are Driving its No.1 Poverty Ranking #realestate #homeownership #investment

9/29/2017

0 Comments

 
Picture
Source:  KPCC Radio

New figures from the U.S. Census Bureau show California has the country's highest poverty rate, with nearly one in five residents facing economic hardship when factoring in living costs such as housing.

The California Budget and Policy Center blamed high rents for keeping 20.4 percent of the population in poverty.  Sara Kimberlin, a senior policy analyst at the center, said fair market rent for a two-bedroom apartment in the most populated parts of the state is more than $1,500 a month.  But if someone is looking to spend 30 percent of their income on rent - what is generally considered reasonable - a minimum wage worker would only be able to budget $546 a month.  That means a single mother earning that income, for example, wouldn't be able to find an affordable place for herself and her children.

Check out the full story here:
http://www.scpr.org/news/2017/09/12/75575/california-s-housing-costs-are-driving-its-no-1-po/


0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER