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Seven Inland Empire multifamily properties change hands

Report: Housing costs consume many household incomes

More than 40 percent of Inland Empire households spend at least one-third of their income on housing, a UC Riverside report has found.

The study – “Housing and Sustainability in the Inland Region: Affordability, Equity, and Changing Demographics – also found that housing construction in Riverside and San Bernardino is far behind the region’s population growth, much like the rest of California’s submarkets.

The recent report was the second released by the school’s Inland Center for Sustainable Development, which studies housing in the two-county region. It concludes that many of the Inland region’s problems – including inequality, low homeownership, homelessness, and discrimination – can be traced to not enough housing.

“Many of these housing issues are interrelated, and this report stresses that the impacts of the region’s shortfall are evident by implications on health, education, and social mobility, especially among those in the region with lower household incomes,” said Qingfang Wang, the center’s co-director, in a statement.

 

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