California votes to stay unaffordable

Published



Almost 60% of Californians believe their state is heading in the wrong direction. Yet voters again gave the Democratic Party total power in the state to continue its decadeslong mismanagement. It is hard to blame only Democratic leadership for California’s woes when voters themselves pass ballot propositions that repeat the mistakes that have put the state on a path of perpetual decline.

California is, objectively, the least affordable state in the union. The Bureau of Economic Analysis puts out a Regional Price Parities index every year that measures the cost of living in each state, broken down into “housing,” “utilities,” “goods,” and “other services.” The index is set to average out at 100, so a state with a 105 rating is a more expensive place to live, on average, than the rest of the country, while a state with a 95 rating would be a comparatively more affordable place to live.

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