Where do people get money to buy California homes these days? Often, from mom and dad

KPCC-FM interviewed Richard Green of the USC Lusk Center on homeownership in California.

Richard Green, director of USC’s Lusk Center for Real Estate, said families that have owned homes in California for generations have an advantage. Others may need to leave the state if they want to purchase a house.

“It’s almost like we’re feudal now,” Green said. “You inherit the manor from your family if you happen to be a landowner. If you’re not a landowner, it’s really hard to get in.”

 

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