Affordability symposium highlights importance of water and housing affordability in Southern California
Dr. Kurt Schwabe … stated that from 2007 to 2015 water prices increased an average of 45% while income has been stagnant or decreased by an average of 6%. This affects a household’s discretionary income, the disposable income left over after subtracting the cost of water and other essential needs. As water prices rise and discretionary income falls below zero, households are forced to make tradeoffs for some of their essential needs.