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Before I made these panini, it had pro...
March 7, 2019
California renters qualify for homeownership but lack financial knowledge to purchase, C.A.R. reports
LOS ANGELES (March 7) – While low affordability is the biggest obstacle most renters face in becoming homeowners, 14 percent of California renters can afford to purchase a home but are foregoing homeownership partly because they don't have the financial knowledge to do so, according to research findings by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).
Of the nearly 6 million California renters statewide*, 826,000 could qualify to purchase a median-priced home in the county in which they reside. Five in 10 who qualify to purchase a home are white (51.4 percent), 12 percent are Asian, more than one in four is Hispanic (26.9 percent), and 6 percent are black.
A lack of financial literacy is one of the biggest barriers preventing renters from becoming h...