September 6, 2019

GONNA NEED A LOT MORE IMMIGRANTS:

Why Can't California Solve Its Housing Crisis?: It's the epicenter of the tech industry and the wealthiest, most progressive state in the union, but homelessness is surging -- and no one can agree on how to fix it (TESSA STUART, 9/06/19, Rolling Stone)

California has been experiencing a "housing crisis" since at least the 1970s, but the situation has rapidly deteriorated in just the past few years. According to research by the San Jose Mercury News, in 2012, a family with an income of $100,000 could afford the median rent in 72 percent of Bay Area neighborhoods; as of 2018, the same family could afford the median rent in just 28 percent of those neighborhoods. Worse, there was not a single enclave in the Bay Area last year where a family with two parents working full-time making $15 an hour could afford the median rent.

At its heart, California's housing problem is one of scarcity: According to one analysis, the state has 3.5 million fewer homes than it needs to house all the people who live there. That gap was created over decades -- largely as a result of the zoning policies of individual communities, under pressure from local residents. Randy Shaw, a longtime Bay Area housing advocate and author of the book Generation Priced Out, says the best way to describe the dynamics at play is to look at the city of Atherton. Thirty minutes from San Jose, Atherton is the most expensive city in the country: The median price of a home there is $8.1 million.

Build more housing.

Posted by at September 6, 2019 4:54 PM

  

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