{"id":2268186,"date":"2024-06-14T20:02:02","date_gmt":"2024-06-15T00:02:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-of-worlds-most-expensive-cities-for-homebuyers-in-us\/"},"modified":"2024-06-14T20:08:42","modified_gmt":"2024-06-15T00:08:42","slug":"half-of-worlds-most-expensive-cities-for-homebuyers-in-us","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/half-of-worlds-most-expensive-cities-for-homebuyers-in-us\/","title":{"rendered":"Half of the world&#8217;s priciest cities for homebuyers are in the US"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhalf-of-worlds-most-expensive-cities-for-homebuyers-in-us%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2268186&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-weaponized-doj-targets-pro-life-activists-with-new-lawsuit\/\" title=\"New Lawsuit by Biden's DOJ Targets Pro-Life Activists\">summary provided describes<\/a> a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/alleged-sex-pest-andrew-cuomo-hires-lawyer-who-defended-harvey-weinstein-woody-allen\/\" title=\"Alleged Sex Pest Andrew Cuomo Hires Lawyer Who Defended Harvey Weinstein, Woody Allen\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-found-economy-is-recovering-much-faster-than-officials-expected\/\" title=\"Fed Found Economy Is Recovering Much Faster Than Officials Expected\">report<\/a> indicating<\/a> that California hosts four of the world&#8217;s\u200b most expensive cities \u200cto purchase a home.\u2063 This\u2062 situation contributes\u2063 to the state&#8217;s increasingly \u200dhigh cost \u200bof living. California is known for its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-state-2024-race-shapes-up-as-candidates-vie-to-replace-katie-porter\/\" title=\"California's 2024 race intensifies as contenders compete for Katie Porter's seat.\">high\u200b cost<\/a>\u2064 of living, which is further fueled by the exorbitant prices of residential properties in several of its cities. Four cities in the state are \u2062ranked \u200camong the costliest globally for buying a\u2064 home. This economic\u2063 scenario poses \u2062significant implications for residents, affecting affordability and accessibility \u2062to \u2063housing and contributing to broader socioeconomic challenges\u2064 within\u2064 the state.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div data-td-block-uid=\"tdi_79\">\n<p>A new report shows <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/california\/\" target=\"_blank\" rel=\"noopener\" title>California<\/a> has four of the world\u2019s most expensive cities to buy a <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/housing\/\" target=\"_blank\" rel=\"noopener\" title>home<\/a> as the Golden State grapples with a <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3007799\/california-ranks-last-in-opportunity-due-to-cost-of-living-u-s-news\/\" target=\"_blank\" rel=\"noopener\" title>soaring<\/a> cost of living. <\/p>\n<p>The annual Demographic International Housing Affordability report found that\u00a0San Jose, Los Angeles, San Francisco, and San Diego have all made the top 10 as one of the most unaffordable cities for homebuyers. One other American city, Honolulu, made it on the list in sixth place. <\/p>\n<figure><figcaption>As goats clear vegetation, construction continues on the Lagoon Valley development in Vacaville, California, on Tuesday, May 28, 2024. (Chris Riley\/The Vacaville Reporter via AP)<\/figcaption><\/figure>\n<p>The report cites stringent zoning regulations, such as urban containment, as a factor driving high home prices. \u201cThe middle class is under siege principally due to the escalation of land costs. As land has been rationed in an effort to curb urban sprawl, the excess of demand over supply has driven prices up,\u201d the report says.<\/p>\n<p>California\u2019s stringent environmental regulations make it difficult to build new homes. California built fewer than 120,000 new homes in 2020. In comparison, Texas, where many Californians are flocking, built more than 260,000. Between July 2020 and July 2023,\u00a0433,000 people left California. <\/p>\n<p><a href=\"http:\/\/washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/strong><\/a><\/p>\n<p>A recent report from <em>U.S. News and World Report<\/em> showed California ranked last in the country due to its high cost of living. Housing is one of the primary actors driving up the cost of living, with the typical home requiring a household income of $224,000, or three times the median household income, to afford. The state\u2019s energy is also more expensive than any state except\u00a0Hawaii. <\/p>\n<p>The blow to the middle class comes as California\u2019s homeless population has skyrocketed. More than a third of America\u2019s homeless population is found in the Golden State, where homelessness has risen <a href=\"https:\/\/information.auditor.ca.gov\/reports\/2023-102.1\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">53%<\/a> since 2013. <\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report highlights that four California cities\u2014San Jose, Los Angeles, San Francisco, and San Diego\u2014are among the world&#8217;s top 10 most expensive for homebuyers. The Demographic International Housing Affordability report underscores the escalating cost of living in the Golden State<\/p>\n","protected":false},"author":3142,"featured_media":2268187,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24164554899286.jpg.optimal.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2268186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/AP24164554899286.jpg.optimal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2268186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2268186"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2268186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2268187"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2268186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2268186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2268186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}