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Housing

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Housing

Over five million renters in California are rent-burdened, meaning they spend more than 30 percent of their income on rent, while homeownership remains out of reach for many families. Additionally, the Bay Area is one of the most expensive property markets in the United States, with single-family homes selling for about three times the national average. The state's housing market has led to increased homelessness and a shortage of affordable housing.  up prices for first-time homebuyers, rising prices have contributed to increased homelessness and a shortage of affordable housing.