Do some research online and incorporate your own experiences, write an essay to share your opinion on CA housing market and affordability:
Current housing market conditions–house price/rent appreciation, inventory, demand, etc
Factors causing housing affordability issues–zoning restrictions, building material/labor shortage, income inequality, tax, etc
Correlation between mortgage rate and housing price
The effect of CA housing price/rent on young adults’ wealth buildup and population change
Homeless problem in CA
Government policies to solve the problem–zoning regulation changes, ADU, subsidies, etc
Use citations properly and include reference list.
(at least 1,200 words)
Category: Issues in Housing
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“The State of Housing Affordability in California: Challenges, Consequences, and Solutions”