In some California counties, an annual income of $100,000 is now classified as low income because of rising living costs. The thresholds are set by the California Department of Housing and Community Development for its affordable housing programs. This situation affects counties including Santa Cruz, San Francisco, and Santa Clara, highlighting housing affordability challenges in these regions. Prediction markets now assign a 22% chance of approval to the proposed billionaire wealth tax in the November 3 election, down from 26% a week earlier.
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