Commentary: The $1 million home is becoming the norm in LA. This is an outrage we could have prevented
by Stephen Menendian, Los Angeles Times
Aug 18, 2023
3 minutes
The median price of a home in Los Angeles will soon cross a startling threshold: $1 million. The median price of a home in California, meanwhile, is approaching $750,000, according to Zillow. That is more than double the national median and more than triple the figure in Ohio.
This is the definition of housing unaffordability.
Homeownership is becoming farther and farther out of reach for more and more Californians. As of 2019, only 55% of Californians, and just 36% of Black Calfornians, owned a home. The American Dream is increasingly living
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