The first and main reason for housing crisis is high prices
The first and main reason for housing crisis is high prices. In California homes for sale and housing for rent are very expensive. California is one of the most popular states in the United States to buy real estate. In this region a large number of elite objects are concentrated, and housing prices are higher here than in other states. Many people come to California not only for vacation, there are many opportunities for business, and for good education. This state has large companies such as Google, Facebook, Apple, IBM, etc. A strong economy, more well-paying jobs, and attractive quality of life, are some of the reasons for the extreme expense of housing. However, the housing prices are rising much faster than incomes in California. Many residents of California struggle to afford such us expensive housing.