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The First Step Is The Hardest: California’s Sliding Homeownership Ladder

Cover page of "the First Step Is the Hardest: California's Sliding Homeownership Ladder"

The paper examines the erosion of access to homeownership and the role that rising housing prices play in the ability of California households to afford a home. The paper shows the delay in progress up the homeownership ladder in California and presents evidence that rising housing costs have played a crucial role in delaying homeownership. The paper also explores what progress up the homeownership ladder would have been if housing prices had risen more slowly, along with recommendations for strategies to increase access to homeownership.


Daniel Shoag, MetroSight

Issi Romem, MetroSight & Terner Affiliate

David Garcia, Terner Center

Read the full paper here.

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