Poll Finds Home Ownership A Challenge In Sacramento Area

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(Sacramento, CA)
Friday, April 22, 2005

47% of the people surveyed by the Institute for Social Research at Sacramento State say they aren’t able to find a home they can afford in the Sacramento area.

Survey director Amy Liu says they also found that rising home prices are forcing more people to consider relocating. “About 1/3 of the people (are) thinking about moving out of this area. That’s a big surprise to me.”

A random survey of people along J Street in midtown Sacramento mirrored the poll results. "Whenever I am able to buy a home I don’t know if I’d want to buy in Sacramento, probably want to go somewhere where it’s cheaper….Like the lowest of houses, they’re still crazy, they’re up high, you know….I’ve heard of Austin, Texas. For about $200 - 250,000 you can buy a decent house."

The Sacramento State survey found that the American Dream of owning a home is illusive for households making less than $30,000 a year and unmarried people.