California

Report: Teachers Can't Afford to Buy Homes in Bay Area

Rising housing costs in California have made it unaffordable for teachers to buy homes, especially in the Bay Area, a new report concludes.

According to real estate tracker Redfin, 83 percent of homes in the state are out of an affordable price range for teachers.

More shocking is the firm's claim that research was unable to turn up a single home for sale in San Francisco that a teacher could afford.

The problem is particularly pronounced in Silicon Valley, where the teacher-retention rate is falling, as educators have to move to more affordable areas.

“Housing is one of the biggest reasons we lose teachers from one year to the next,” Cupertino's teachers' union president Dave Villafana, told The Atlantic. “They can’t afford a house, and rent is prohibitive as well.”

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