The headlines about California’s housing crisis just keep coming, and the news is always grim. Last week, Bankrate.com reported the Golden State was the worst in the nation for first-time homebuyers, with the lowest percentage of homes available for sale and mortgage costs nearly double the U.S. average. Bankrate’s analysis pointed out that high rents compounded California’s home-affordability problem by making it difficult for families to save up for down-payments.

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