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What’s more, landlords are becoming so picky that one local advocate for the homeless recently told me that, in Sacramento, many are refusing to rent to people on a fixed income, even grandmothers on disability. And they can get away with it because there’s a ready and willing pool of would-be renters who are eager to fill out applications and plop down thousands of dollars as deposit. This has become a fairly common situation in midtown Sacramento, where the vacancy rate is less than 2 percent. But, increasingly, it’s also happening in other neighborhoods, such as Oak Park. Where does this leave millennials and younger Generation Xers who would like to build their lives in California? People like me, for example? For now, if we’re lucky, it looks like renting until we have a head full of gray hair. A recent survey from ApartmentList.com found millennials in Los Angeles, San Francisco, San Diego and San Jose will have to wait almost 20 years to save enough money for a 20 percent down payment on a house or a condominium. If we’re not so lucky, we’ll be living on the streets.
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