{"id":14,"date":"2026-09-10T09:00:00","date_gmt":"2026-09-10T09:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/maxfolkers-com\/2026\/09\/10\/californias-down-payment-wait-14-7-years\/"},"modified":"2026-09-10T09:00:00","modified_gmt":"2026-09-10T09:00:00","slug":"californias-down-payment-wait-14-7-years","status":"publish","type":"post","link":"https:\/\/www.maxfolkers.com\/blog\/2026\/09\/10\/californias-down-payment-wait-14-7-years\/","title":{"rendered":"California&#8217;s Down Payment Wait: 14.7 Years"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/christopher-m-folkers-537033\/states-saving-home-remotion-videos-ce93\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>California households now need 14.7 years to save a 20% down payment on a typical home priced at $776.2K, with median income at $105.6K.<br \/>\nCalifornia ranked near the top nationally, and a minimum-wage earner saving alone would need 44.2 years to reach the same down payment target.<br \/>\nGeography limits expansion: the Pacific blocks growth westward, while mountains and protected land squeeze housing into coastal corridors where land carries a premium.<br \/>\nA long-running tax rule encourages owners to stay put, while strong job growth in technology and health care keeps drawing residents needing homes.<br \/>\nWage growth would need to outpace home-price growth for years before California&#039;s saving timeline improves, making long-term planning especially important for first-time buyers.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California households now need 14.7 years to save a 20% down payment on a typical home priced at $776.2K, with median income at $105.6K. California ranked near the top nationally, and a minimum-wage earner saving alone would need 44.2 years to reach the same down payment target. Geography limits expansion: the Pacific blocks growth westward, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":42,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/posts\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":0,"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/posts\/14\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/media\/42"}],"wp:attachment":[{"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/media?parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/categories?post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxfolkers.com\/blog\/wp-json\/wp\/v2\/tags?post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}