The numerous, massive wildfires – 100 of them at one point in late July – swarming across California are not only harming the environment and threatening lives but are also exacerbating the state’s affordable housing crisis.
In a decade-long trajectory, increasing home prices and higher interest rates are limiting Californian’s ability to buy a home, according to the California Association of Realtors.
The California Water Commission approved $2.7 billion to fund water storage projects across the state. Whether any will be built is another matter, however. The plan is to award water bond funding based on strict guidelines that many of the projects may not meet.
Fewer rentals are within reach for many Americans, but for black and Hispanic would-be tenants, it is even harder to find affordable housing. According to the real estate website Zillow, an “affordable” dwelling is one requiring the tenant pay 30 percent or less of median monthly income for rent.
As fires continue to rage throughout the western states, particularly California and Colorado, more than 4.6 million acres have been lost. According to a University of Oregon researcher, many factors are at work.