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I think 19% really understates the scale of the problem. If you removed all the subsidies and the housing subsidies and enormous programs, I would imagine, tha
by pascalxus 8y ago
I think 19% really understates the scale of the problem. If you removed all the subsidies and the housing subsidies and enormous programs, I would imagine, that number would be even higher.
I really wish they would go into the root causes of what's causing all this hardship. Too often, these articles don't cover the real causes and just cause knee-jerk emotional reactions. Without knowing the true cause, we can never address the real problem: An imbalance between the number of jobs and the housing availability. Either housing supply has to increase or all those FB/Google employers bringing in employees from out of the state and outside the US, need to stop doing that in areas that don't want to grow.
The hardships we face here in CA are all self imposed. Voters and their politicians enacted each and every single regulation that's prevented housing from being built over the last 50 years. It doesn't have to be this way. There are other places that grow just as quickly and don't have these problems: Houston, Dallas, Austin. Austin's already getting worse due to all the anti-housing folks moving there (ironically whilst escaping CA housing problems). Chicago has over 2 million residents, with great housing and very little government intervention/regulations. CA can learn a lot from those states and cities.
- mancerayder 8y agoEither housing supply has to increase or all those FB/Google employers bringing in employees from out of the state and outside the US, need to stop doing that in areas that don't want to grow. How are areas to make this determination? By democratic vote? At what level, the almost invisible local electorate? Maybe I'm cynical about the level of corruption in local politics here in NY, but call me skeptical. And what communities don't want new jobs to materialize? It brings infusions of cash, even if housing demand goes crazy as a consequence. A depressed housing market, if you remember the landscape in 2008, caused a lot of strife.