Santa Monica and Marina del Rey are higher.
Average sale price: $824,618
Ruiz noted that having a city goal for affordable housing development is “unheard of” and “cutting edge.”
“It just doesn’t happen.” she explained. “Most cities reject the entire notion of affordable housing.”
Pasadena City Manager Cynthia Kurtz recommended to the Council that the city establish a goal that 15 percent, or about 8,600, of the city’s 57,590 housing units be affordable units.
So we can limit are middle class to only 15%?
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