The crunch on first-time home buyers is particularly acute in Southern California. The price of a typical home in Los Angeles County is about $225,000.
With home prices soaring beyond what most people can afford, government leaders are beginning to intervene.
Around the Southland:
* Pomona, May, 1990. The City Council approves the sale of $58.4 million in bonds to help first-time buyers purchase new and resale single-family homes at low interest rates.
* Norwalk, January, 1990. The City Council votes to sell about $16 million in bonds to build apartments for low- and moderate-income senior citizens. At the same time, the council considers allocating money to help residents buy a first home.
* Anaheim and Santa Ana, November, 1989. The James Irvine Foundation donates $100,000 to Habitat for Humanity in Orange County. The money will be used to help build six condominiums for first-time buyers.