Housing prices are a doubled-edged sword

The good news is that Orange County is no longer one of the worst five places in the country for housing affordability.

But seventh is still really bad, and it’s little consolation to the thousands of adults who cram two people per room or those who can’t even imagine buying a home here.

Orange County dropped two places to seventh during the first quarter, down from fifth place in the last quarter of 2009, according to the latest National Assn. of Home Builders/Wells Fargo housing affordability index.

As some experts predict that housing eventually is going to return to the record levels of “unaffordability” seen back in 2006, planners, developers and government officials have begun to debate about how to create enough housing to keep prices down.

Please go to the Daily Pilot’s website to read the rest of this interesting article.

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