California's housing crisis, exacerbated by recent fires, stems not just from nature but from policy blunders. Under Governor Gavin Newsom, attempts to reform housing have yielded minimal results, with home prices significantly outpacing national averages. The state has one of the lowest homeownership rates in the country, particularly affecting those under 35, who are increasingly leaving due to high living costs. Regulatory hurdles and costly infill construction initiatives fail to provide the needed affordable housing solutions, leaving many Californians struggling to find homes.
"The Palisades and Eaton fires represent thousands of personal tragedies, but they also constitute a collective disaster, adding new housing shortages to California's already massive shortfall..."
"Under Newsom, the state has tried reforms designed to increase building and affordability, but precious little has changed..."
"Home prices in coastal California are nearly 400% above the national average, and statewide, the median cost of a home is 2.5 times higher than in the rest of country..."
"The state's housing crisis has its roots in excessive construction regulations and litigation aimed at developers - for decades, too few residential units were built."
Collection
[
|
...
]