How much is housing investment affecting California's affordability crisis?
It’s clear that owning a home is becoming unaffordable for many Californians — but there’s no single simple explanation for what’s driving up prices.
There’s the housing shortage — but there’s also some more confusing market forces at play.
Matt Levin is a data reporter with CALMatters. In a recent two part series, he dug into the data behind two possible influences on the market: so-called institutional investors — or owners with at least ten properties — and buyers who live in other countries.
KALW’s housing reporter Liza Veale spoke to him to find out how big these factors are in our housing crisis.
"If you don't have access to that type of cash, which a lot of Californians don't, it's going to be real tough out there, especially in some of these markets where there's a lot of all-cash players."