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Week of Nov. 13th-Housing is now unaffordable in many rural parts of California too

November 13, 2016

People fleeing big coastal cities like L.A. and San Francisco in search of more affordable housing inland could be in for sticker shock.

A new report released Tuesday reveals that inland, rural parts of California are increasingly unaffordable too.

"That came as a big surprise because historically we have thought of the housing problem as being a focus in larger cities, but we found every city has this problem," said Jonathan Woetzel, director of the McKinsey Global Institute and a co-author of the study.

Woetzel found it is nearly as expensive to live in Watsonville, a small farming community in Santa Cruz county, as it is in Los Angeles. Fifty-seven percent of households in the rural area of Santa Cruz-Watsonville are unable to afford the cost of housing.



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