So you’re in your late 20’s or early 30’s, and you’re thinking about buying your first home somewhere in California. You scroll through housing websites and realize that you can’t afford a single listing.
Sound familiar? Well, you’re not alone. All seven of the country’s major metro areas with the lowest homeownership rates for 25-to-34 year-olds are in California, a Bay Area News Group analysis of Census Bureau data from 2017 to 2021 has found. And the ripple effect is having a profound impact on more than just young people.
The Los Angeles-Long Beach-Anaheim metro area, where only 2 out of 10 young adults ages 25-34 own their home, scored lowest in the country.
