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The High Cost Of Single Mother Housing In California

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The Public Policy Institute of California released a study in 2006 that states the if regional costs of living were to be factored into California's poverty rate, instead of being 15th in the nation, California would rank as 3rd compared to other states. The high cost of housing was considered a large contributor to the cost of living in California.

It's estimated that the average rent for a Californian was more than half the total poverty threshold set by the Federal government. Rent for a two-bedroom apartment in places like San Francisco annually was estimated to be around $21,300. The burden of housing costs in California has fallen on those on the lowest rungs of the socio-economic scale, especially single mothers with low income. Single mother housing in California is expensive if not unaffordable.

What's a parent to do about the high cost of single mother housing in California? Obviously, with traditional families with good incomes and perfect credit having trouble locating affordable housing, single mothers will be even more squeezed.

The California Housing Finance Agency is set up to help address the needs of low-income, first-time home buyers. They offer low-interest home buying loans and novel 40 year fixed rate loans. They do have income and even sales price limits, but are on a mission to try to get safe, affordable housing for those that may have trouble getting it otherwise. Turn to this agency to find single mother housing in California.

However, this help may not be enough to offset the high cost of single mother housing in California. Many people are simply choosing to move from one area of California to another, which is less expensive. Others are moving out of state. This loss of residents is beginning to impact the cost of housing. With more housing available, there is less demand for housing and the prices drop.

The housing boom of previous years has taken a sharp decline in 2006. This is proving beneficial to low-income buyers who have more of a selection, even though prices are still high when compared to other states in the nation.

Looking for single mother housing in California may be getting better day-by-day, but it still is not a great market for low-income people. The high cost of housing in California has been a boon to the economy and to many residents who owned homes, but it has been a trial by fire by those less privileged in our society. If the market begins to rebalance itself, housing prices will drop more and more. Whether that is good for the economy, bad for residents, good for single mothers, it is very difficult to tell. With largely inflated prices for many years, California's price correction may spell economic hardship for all the state.

 

Housing For Single Moms In Illinois News

Waubonsie Valley grad tackles student loan debt crisis - Aurora Beacon News


Waubonsie Valley grad tackles student loan debt crisis
Aurora Beacon News
Anderson, a 2010 graduate of Waubonsie Valley High School, wants to tackle the growing student-loan debt crisis many experts say could lead to an economic bubble to rival the housing meltdown. And he's intent on doing this for one reason: So future ...

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American Poor And Middle Class Aren't Seeing Economic Recovery Yet ... - International Business Times


International Business Times

American Poor And Middle Class Aren't Seeing Economic Recovery Yet ...
International Business Times
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Faces of minimum wage: Trying to escape string of low-paying jobs - Chicago Sun-Times


Chicago Sun-Times

Faces of minimum wage: Trying to escape string of low-paying jobs
Chicago Sun-Times
Illinois' minimum wage is currently $8.25 hourly, more than the federal minimum wage of $7.25. ... “When I heard on TV the city was having minimum wage hearings, I knew I needed to go because of my sister and myself and my mother,” says Martin, of ...

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From scandal to scholarship, GUEA legacy lives on in IUN students - Post-Tribune


From scandal to scholarship, GUEA legacy lives on in IUN students
Post-Tribune
A single mom with two young children, Alexander worked midnights at a Gary nursing home as a certified nursing assistant and held down another job at a local currency exchange. After graduating, Alexander landed a better job as a surgical technician at St.

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AP Interview: Oberweis acknowledges Senate hurdles - Hilton Head Island Packet


Hilton Head Island Packet

AP Interview: Oberweis acknowledges Senate hurdles
Hilton Head Island Packet
Durbin said that would include single mothers, college students and veterans returning from duty, and called it a sign the wealthy Republican is out of touch with working people. Oberweis told AP his business experience and history of creating jobs ...

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Fast-Food Workers Walk Off Jobs in Protest of Wages, 19 Arrested - DNAinfo


Fast-Food Workers Walk Off Jobs in Protest of Wages, 19 Arrested
DNAinfo
Two single parents, who work at a West Side McDonald's restaurant, were among the protesters and said the only reason why they are receiving government assistance is due to low wages. Jessica Davis, a 26-year-old student studying sociology at ...

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Wonkbook: The policy takeaways from a busy day of big court decisions - Washington Post (blog)


Wonkbook: The policy takeaways from a busy day of big court decisions
Washington Post (blog)
Such a house might be more appealing to a working single parent, who might welcome the space, yet he'd either have to carve out the time to maintain his little slice of heaven, or he'd have to earn enough to outsource the work of doing so. .... "While ...

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