Assignment task: Do some research online and incorporate your own experiences, write an essay to share your opinion on CA housing market and affordability:
- Current housing market conditions--house price/rent appreciation, inventory, demand, etc
- Factors causing housing affordability issues--zoning restrictions, building material/labor shortage, income inequality, tax, etc
- Correlation between mortgage rate and housing price
- The effect of CA housing price/rent on young adults' wealth buildup and population change
- Homeless problem in CA
- Government policies to solve the problem--zoning regulation changes, ADU, subsidies, etc