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

Published by USC Bedrosian Center on July 31, 2018July 31, 2018

KPCC-FMinterviewed Richard Greenof 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.”

Full article here

Categories: In the news

Tags: affordable housingCaliforniafamily supportfamily-assisted down paymentfirst-time buyershomeownershipmortgage loanrentingRichard Green

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

A Bisexual 63-Year-Old Woman Spent Five Years Couch Surfing in LA and Worries She May Have to Again

The Supreme Court just took a case on the EPA’s authority. Its decision could undo most major federal laws.

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Bedrosian Center

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

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