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California’s housing crisis is reaching a new breaking point. A new report finds the state is short nearly one million homes that “extremely low-income families” can afford, a deficit that researchers say is driving workers and families out of one of the world’s largest economies.
The findings are reigniting debate over whether California’s economic model can keep up with its soaring cost of living. Ediz Tiyansan reports from Los Angeles.
For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.
California’s housing crisis is reaching a new breaking point. A new report finds the state is short nearly one million homes that “extremely low-income families” can afford, a deficit that researchers say is driving workers and families out of one of the world’s largest economies.
The findings are reigniting debate over whether California’s economic model can keep up with its soaring cost of living. Ediz Tiyansan reports from Los Angeles.
For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.