Key Points:
- One million California renters are behind on their rent payments
- Almost 150,000 renters believe they will face eviction in the next two months
- Rents are increasing across the state
- Economically vulnerable renters are most at risk
- California already had the most expensive rental markets in the nation before the pandemic
- Renters in the San Joaquin Valley and Sacramento Metro regions face more housing stress than those in coastal areas
- Eviction filings have increased since the statewide moratorium ended
Hot Take:
California’s housing market is giving renters a run for their money, quite literally. With one million renters behind on their payments and eviction fears lingering, it’s clear that the state’s housing crisis is far from over. And let’s not forget the expensive rent prices and the disproportionate impact on economically vulnerable renters. It’s time for California to step up and find sustainable solutions to ensure housing stability for all its residents.