7 California Cities with Nearly Impossible Home Buying for Gen Z

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News Team

California is home to some of the most beautiful waterfalls in the state, and you can see them all in just one weekend road trip. If you’re looking to escape the stress of city life and immerse yourself in nature, this travel itinerary is perfect for you.

The trip begins at Faery Falls, which can be reached from Highway 5 via a nature trail that is just a 1.5-mile walk. From there, you can head to Potem Creek, where you’ll find a little-known 70-foot waterfall that is truly spectacular. To get there, you’ll need to take a short quarter-mile hike in the Shasta Trinity National Forest.

Next, make your way to McCloud Falls – Upper, which is one of the most impressive waterfalls in Northern California due to its three levels. You can appreciate the falls from a trail that is just a 5-minute walk to the part known as Upper Falls. Then, visit McCloud Falls – Middle, which is just a few minutes’ walk from the highest point and offers one of the best views of the falls in Northern California.

Mossbrae Falls is another must-see waterfall in Northern California. While it may not be one of the largest, the small streams that flow from about 50 feet high create a unique natural environment as they fall between vines of green plants. Finally, make a stop at Burney Falls, which has been classified as a National Natural Landmark for its beauty. However, this also attracts more people to admire them.

Moving on from waterfalls, let’s talk about the real estate market in California. There are 7 cities in California where young people from Generation Z are excluded from buying a house due to the high prices of the real estate market. Generation Z refers to young people born between 1997 and 2012 who have begun to gain space in the labor market. However, their social and economic conditions represent a challenge when it comes to buying a house.

Owning a house in California has become a real challenge, and for young people in Generation Z, it is almost an unattainable dream. These are the 7 cities in California with real estate markets that are prohibited for Generation Z: Fremont, San Diego, San Jose, Riverside, Los Angeles, Sacramento, and Chula Vista.

The Point2 study specifies that young people from Generation Z show a tendency not to own a home; however, it is also expected that this will be reversed in the coming years. For now, the real estate market in California is a challenge for young people of Generation Z who want to buy a house. The factors that make it almost impossible for this group of the population to buy a home are high prices, historical mortgage rates, low wages, high unemployment rates, and few housing options.

The study showed that the cost of housing in Fremont is almost 23 times higher than the average annual income of a family of Generation Z, just as an example of the complexity of the market. The only city in California where Generation Z home buyers could have a chance is Fresno. In this city located in the Central Valley, 20% of homeowners correspond to young people from Generation Z, the best positioned among large cities in California. The study also highlights that Fresno is the only city in which housing prices fell during 2023, by almost 2.4%.

In conclusion, California offers some of the most beautiful waterfalls in the state, making it a great destination for nature lovers. However, the real estate market in California presents challenges for young people from Generation Z who want to buy a house. While there are 7 cities in California where Generation Z is excluded from buying a house, Fresno offers a glimmer of hope with 20% of homeowners being from Generation Z.

Image Source: www.univision.com

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