That friction presents an interesting set of problems. One aspect of the current housing crisis, at least as it exists here in California, is that young people

That friction presents an interesting set of problems. One aspect of the current housing crisis, at least as it exists here in California, is that young people increasingly rent instead of owning. A generation ago home ownership would be a form of lock-in for “legacy” cities. High rents and low home ownership suggest that this lock-in is less of a factor.