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Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
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The Housing Accountability Act (HAA) is a California state law designed to promote infill development by speeding housing approvals. The Act was passed in 1982 in recognition that "the lack of housing, including emergency shelter, is a critical statewide problem," and has also been referred to as "the anti-NIMBY law."
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
Evansville, Indiana Typical home value: $168,401 Typical rent: $826 2022 unemployment rate: 2.3% Labor force participation rate: 62.3% Median household income: $57,321 Livability score: 58
Explore More: Housing Market 2024 — Home Prices Are Plummeting in 10 Formerly Overpriced Housing Markets Find Out: How to Get Rich in Real Estate Starting with Just $1,000