Bottom line: Avoid the West Coast.
39 Cities Where Most Americans Can’t Afford Their Homes. (24/7 Wall Street, 7/14/2017)
California Today: Why Does It Cost So Much to Live in California? (The New York Times, 2/15/2017)
The research behind the story comes from a pair of economists who tried to figure out how much of a home’s cost comes from land-use regulation. The paper argues that most of the difference is caused by regulatory hurdles like design and environmental reviews that can add years to a project’s timeline and suppress the overall housing supply. The result is overpayment on a grand scale for the few homes that do get built. Their figures are theoretical, and people are sure to disagree with them.