One key reason rental affordability remains a challenge in the region is that we are not building enough overall housing. Among young adult renters who want to buy a home, 7 in 10 say they simply cannot afford one, according toa recent study by Apartment List, an online real estate company. The analysis was based on responses from over 10,000 millennial renters across America. Most millennial renters can’t afford to buy a home — for several reasons – Millennials today will need a 20% larger down payment than baby boomers,” said Dean Baker, chief economist at the Center for Economic and Policy Research. “Housing prices are higher [even] when adjusted for inflation.”
Research suggests that San Francisco can implement programs to reverse the trends that reduce affordable housing. I have studied the best practices in affordable housing, and here are the recommended strategies. Hire a consultant under a California Real Estate Broker. (AAA BAY VIEW REAL ESTATE & COMMUNITY SERVICES)