June 12, 2023 | By Ryan Lillis
The Sacramento region is at a tipping point. And the next few years will determine what shape we leave it in for the next generation. The region’s housing is less expensive than California’s coastal cities, a selling point that motivated thousands of new residents to move inland since the start of the pandemic. Yet housing prices and rents have skyrocketed the past three years, and fewer than one-third of residents here can now afford to buy the median-priced home. Within the past few months, the Sacramento area became a “minority-majority” region, meaning white residents now make up less than 50% of the population. Still, substantial racial disparities in income, education and access to housing persist, even after the racial reckoning of 2020. Many commercial corridors remain starved for investment, especially those running through lower-income neighborhoods.
Read more at: https://www.sacbee.com/news/local/sacramento-tipping-point/article276112636.html#storylink=cpy
