{"id":1100,"date":"2026-08-26T10:00:00","date_gmt":"2026-08-26T10:00:00","guid":{"rendered":"https:\/\/www.markmallorca.com\/blog\/?p=1100"},"modified":"2026-08-26T10:00:00","modified_gmt":"2026-08-26T10:00:00","slug":"california-saving-20-down-takes-years","status":"publish","type":"post","link":"https:\/\/www.markmallorca.com\/blog\/2026\/08\/california-saving-20-down-takes-years\/","title":{"rendered":"California: Saving 20% Down Takes 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\/mark-mallorca\/saving-downpayment-decade-remotion-videos-7a3a\"\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>A California household earning the median income now needs ~15 yr to save a ~20% down payment, one of the longest timelines nationwide.<br \/>\nTypical California homes now cost ~$776K, while median household income is ~$106K, showing why many buyers need far more time to build savings.<br \/>\nAt California&#039;s minimum wage, saving alone for a down payment would take ~44 yr, underscoring how challenging entry-level buying is statewide for many.<br \/>\nGeography and policy tightened supply: the Pacific, mountains, and protected land limited growth, while a long-standing tax cap discouraged turnover and kept inventory constrained.<br \/>\nFor households without equity, first-home searches increasingly center on inland California cities, where lower prices offer an alternative to the coast, but longer commutes.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A California household earning the median income now needs ~15 yr to save a ~20% down payment, one of the longest timelines nationwide. Typical California homes now cost ~$776K, while median household income is ~$106K, showing why many buyers need far more time to build savings. At California&#039;s minimum wage, saving alone for a down [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/1100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/comments?post=1100"}],"version-history":[{"count":1,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/1100\/revisions"}],"predecessor-version":[{"id":1102,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/posts\/1100\/revisions\/1102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media\/1101"}],"wp:attachment":[{"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/media?parent=1100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/categories?post=1100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.markmallorca.com\/blog\/wp-json\/wp\/v2\/tags?post=1100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}