Vendel Cox, senior partner of Unleash Prosperity, discussed the Trump administration, which draws $ 4 billion in Federal Fund for California’s high-speed rail project on ‘The Bottom Line’.
Santa Cruz, now requires a tifling income of more than $ 168,000 to rent a two-bedroom to rent in California, a figure that makes it the most Ineffective market In the nation for the third consecutive year.
In the Santa Cruise region located on the Central Coast, about 75 miles south of San Francisco, the salary required to bear a minor two-bedroom per hour has increased from $ 63.33 in 2023 to $ 81.21 in 2025 in 2025. Out of 2025 Reach report of the Housing Alliance.
This is about 30% since 2023 when they were first placed on top of the list.
Billionaire in-N-Out Successor Linnie Snider and California for Tennessee
Visitors pack the beach in front of Santa Cruise, Santa Cruise Beach Board in California on summer day. According to 2025 of the national low -income housing alliance, the coastal city has been ranked in the least rental market in the US. (Tayfun coskun / anadolu agency through Getty Image / Getty Image)
This means that a tenant will now have to earn $ 168,920 per year, or $ 4,223 per month to bear a two-bedroom on fair market rent in the metro sector. In California, where the minimum wage is $ 16.50, it is equivalent to 4.9 full -time jobs.
The report found that the typical tenant does not come close. The average tenant in Santa Cruise County earns $ 22.13 per hour. At that rate, there will be about 3.7 full -time jobs to bear an apartment.
“This is the number 1 that we don’t want to be,” said Ellen Johnson, Executive Director of Housing Santa Cruise County Santa cruise“It is an all-hand-on-deck time for all involved.”
California State According to The Out of the Reach report, the strength dominates the ranking. The Golden State is a house of eight of the ten most expensive metro regions including San Jose, San Francisco, Salinas and Santa Barbara. The average housing wage for the statewide, two-bedroom apartments is approximately $ 50 per hour, the highest in any US state.
California years of timeline and ‘disastrous overlapping’ high-speed rail project
Santa Cruz, coastline with a view of the ghat near the Santa Cruz Beach Boardwalk in California. The coastal metro now requires $ 81.21 per hour to spend a minor two-bedroom rental, the highest in the country. (Stephen Dun / Getty Image / Getty Images)
In the current minimum wage, a full-time California worker will need to put an average two-bedroom apartment in 120 hours a week. According to the report, “No in the United States-no state, metropolitan region, or one full-time minimum-laborer worker can bear a modest two-bedroom rental house.”
The report blamed the problem for a serious and frequent supply lack, which estimates a very low income or national difference of 7.1 million affordable fare houses for ‘Ellie’ homes.
Critics say that the housing market of California is also disrupted by overlapping the layers of regulation.
“CEQA (California Environmental Quality Act) and Restrictive zoning Regulations California is an important contributor to the lack of housing, “said Dr. Wayneguarden, Senior Fellow, Pacific Research Institute.
People walk at Santa Cruz, Santa Cruise Beach Boardwalk in California at the Enterprise Park. Popular tourist destination is also home to the highest housing wages in the country. (Craig Lee / San Francisco Chronicle Getty Image / Getty Image)
Santa Cruz County Republican Party President Mike Lalyur told Fox Business that The worldly crisis is a direct result of the progressive policy of decades.
“The local planning department has made it so derogatory to build this construction that it is not beneficial until you are supported by a large corporate developer,” Lalyur said. “Then you add CEQA, coastal commission review, endless permit delays and greenbelt restrictions. This is a bureaucracy blockade by design.”
He too Criticized university California, Santa Cruz, constructs fast housing to expand its student population. He said, “UCSC keeps expanding, but they are not building a dom very fast. So the students flood the local market and rent the landlords – because the mother and father are paying the bill,” he said.
“This is a housing crisis created by the policy,” said Lelyur. “And until we change the syllabus, it is only going to deteriorate.”
Santa Cruz Beach Boardwalk and Santa Cruise County Business Council did not immediately respond to the request of Fox Business for comments.
Can be found in the entire report https://nlihc.org/oor
