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California Housing Is Even Less Affordable Than You Think, UC Berkeley Study Says

May 2, 2024

As California tries to claw its way out of its housing affordability crisis, policymakers have been asking the wrong question, according to a new study from UC Berkeley.

The study, published Thursday by researchers at the Terner Center for Housing Innovation, argues the classic question — “Is a place affordable?” — should instead be supplanted with a new one: “Who can afford this place?”

That might seem like a subtle distinction, said Issi Romem, co-author and founder of economics research firm, MetroSight. But its implications are enormous.