California at record low for affordability

Only 14% of Californians can purchase the median home. How stupid is that? More and more people are dedicating and ever increasingly large share of their income for housing. Alan Greenspan states that our biggest problem is lack of net national savings, yet here is one of the largest culprits, the housing bubble that he created. How can you expect people to save for the future if they are spending so much on shelter. This is just stupid!!!!!!!

StupidlyExpensive