The real estate crisis that the state of California is experiencing does not seem to show signs of recovery, which is why purchasing houses costs more and more. However, in the state where the most Latinos reside, there are still cities where houses are found for less than $150,000.
To get prices, We will have to get away from the noise of California, take long car trips and compromise on some aspects. Communities that have real estate offers are growing, in a state where the average price is US$789,000.
Dorris, Tulelake, Macdonel, Herlong, high chair, Johannesburg, Boron, Hinkley and Wilderness These are the cities in which these prices can be found. For example, in those near the Oregon border, There are some homes from US$114,000; each village is home to less than 1,000 people and are located in agricultural fields. Those closer to southern California, properties appear starting at US$89,000.
Several of these towns have had their peak of fame at another time in history. But, in these times and especially during the pandemic, experts say that they gained popularity due to the possibility of having more space and breathing fresh air away from the city.
The city of Trona, for example, had its heyday at the beginning of the 20th century, when it was a business. As the years went by, for various reasons, he withered. However, since the COVID-19 pandemic, he saw an increasing trend because there was a lot of space that there was not in the city.
This was stated by a real estate agent, Sonney Berri in dialogue with Los Angeles Times, explaining that Trona was a “desolate area,” but that now “people are fixing up the houses and improving the community.” Although she acknowledges that summer in the desert (over 100°C) is not for everyone, people adapt.
Real estate crisis without solution in California
The largest state by population in the United States is suffering a major housing crisis. It is estimated that Renting a home in California would cost more than US$5,500 monthly. A report of Norada Real Estate Investmentsensures that the average price broke its new maximum and increased 11.4% in May compared to April.
Experts point out several factors that drive the excessive growth in prices, one of them is the affordability crisis, which occurs as a direct consequence of the shortage of housing supply.
The director of the Office of Economic Research at California State University, Robert Kleinhenz assures that the problem lies in the lack of housing construction. “How many homes are we building? During the last 10 years, the number of construction permits has never exceeded 120,000 units,” Kleinhenz said.
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