How the Pandemic is Rattling California's Housing Market

KQED's Forum

KQED

Politics, News, News Commentary

4.6 • 656 Ratings

🗓️ 3 February 2021

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Coronavirus pandemic continues to shake up the housing market in California. While thousands of renters have been able to stay in their homes thanks to statewide eviction moratoriums, many are accumulating crushing debt. And, despite the moratorium, landlords continue to evict tenants. Meanwhile, apartment rents fell in many cities as home sales boomed in 2020. The part of the market catering to more affluent renters and buyers remains strong, but low-income workers continue to struggle to afford or find housing. We talk about the forces shaping the housing market and how to help those hit hardest by the pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:04.9	From KQED. From KQED Public Radio in San Francisco, I'm Mina Kim.
1:16.2	Coming up on forum, California's eviction moratorium, now extended through June,
1:20.9	has helped thousands of renters who've lost income stay in their homes,
1:24.6	but many are accumulating crushing debt.
1:27.3	Meantime, as high earners working from home flee overpriced apartments in cities like San
1:32.3	Francisco and Los Angeles, they've driven up rents in suburbs and home sales have boomed.
1:37.3	We look at how the pandemic has shaken up housing in California, and whether debt relief and other
1:43.3	efforts to help people struggling the most will be enough.
1:47.0	Join us.
1:48.0	This is Forum. I'm Mina Kim.
2:05.6	Rents may be dropping in California's coastal cities and urban cores, as million of high,
	...

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