The Least Affordable Place To Buy A House

The National Association of Home Builders has released results of a survey of the least affordable places to buy a house.

1 minute read

February 5, 2002, 1:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"According to a recent survey by the NationalAssociation of Home Builders (http://www.nahb.com), SantaCruz has become the nation's least affordable place to live,topping No. 2 San Francisco. The association arrived at itsconclusion by comparing Santa Cruz's median family income of$65,000 to the median home price of $420,000. Based on thecalculations, less than 7 percent of the area's residentscans afford to buy a home. And unlike San Francisco, thehousing prices have not dropped since the dot-com economybegan to sour. The City Council recently OK'd a 100-unitbuilding that would set aside 40 percent of the apartmentsfor low- and very low-income residents."

Thanks to California Policy Forum

Read the full story: When $450,000 Will Buy Just a Starter Home

Thursday, January 31, 2002 in The New York Times

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.