Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage

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Just 51% of Southern California households can comfortably buy an entry-level home – and they’d need to earn at least $70,090 annually, according to a California Association of Realtors. Source: Only 51% of Southern California households can ‘afford’ entry-level home with ‘generous’ mortgage – Orange County Register

Although respecting human rights can be considered integral to a business ethics agenda, IBE research (2012) found that only half of FTSE100 companies (52%) explicitly consider human rights in their code of ethics in some way. The positive and negative duties to protect human rights are still firmly with national governments.

Bound by bilateral treaties, most South Asian countries share transboundary rivers (India-Pakistan share the Indus River, India-Bangladesh share Ganges/Brahmaputra, Nepal-India share Koshi/Mahakali/Narayani and Pakistan-Afghanistan share the Kabul

There are two different questions: How do people afford to move to California, and how do people afford to live in California. You want the answer to the first question, and frankly I don’t know the answer. But I do know how many of us afford to live in California. We’ve been here a long time, and bought houses when they were much, much cheaper.

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C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state.

Only 30 percent of families can afford the typical home in the state. I thought it would be useful to look at data showing the typical non-investor buyer in California. These are people after all, that are putting their money in the game.

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