Opinion: A solution that won’t fix California’s low homeownership
California is the land of dreams and extremes and nowhere is that more evident than in the state’s very low rate of homeownership.
That so few Californians live in their own homes should not be surprising. After all, the state has the nation’s highest rate of poverty and when the near-poor are added, more than a third of the state’s nearly 40 million residents live with financial distress, PPIC has calculated. So what, if anything, could be done to increase wealth-building homeownership? Toni Atkins, the president pro tem of the state Senate, has made it a crusade, citing her personal history while proposing a new program.
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