California's oh-so affordable housing

Perspective: Buyers stumble over unrealistic expectations, not prices

It’s no secret that California is home to some of the most expensive residences in the United States. But the notion that the state as a whole has an “affordable housing crisis” in terms of home ownership is more myth than reality. Not everyone can afford to live in California, and not everyone who lives in California can afford the best house in the most desirable neighborhood. Those realities don’t mean the housing itself is “unaffordable.”

California has 36 million residents and counting.