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Here’s what California’s gubernatorial candidates have to say about home ownership – The Mercury News

California’s high housing costs mean more than 80% of families can’t afford a median-priced home in the state, where the price tag hovers around $900,000, the president of the California Association of Realtors said during a forum with several gubernatorial candidates.

Forced to put their home ownership dreams on hold as they try to save a little money, the average age of first-time home buyers in the state is approaching 40 years old, she said.

RELATED: Mahan: The key to affordable housing in California is low-cost construction

“For generations, homeownership has been central to the California dream. And that’s because homeownership is important,” said Tamara Suminski, president of the California Association of Realtors. But, he continued, “many Californians still don’t believe they can be a part of that dream.”

Several California gubernatorial candidates gathered Thursday, March 5, in Sacramento to address one of the most pressing issues for many voters: home ownership.

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