Weather & Science
California’s $1 Billion Insurer Bailout Deepens Housing Strains
- FAIR Plan assessment likely spreads costs across the state
- Housing market already under pressure amid chronic undersupply
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California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a four-bedroom house in Texas and families drive hours inland just to find a starter home.
Now, the Los Angeles wildfires are likely to add another financial burden to households across the state.