Feb. 29, 2016
A new rule designed to promote urban development and curb both car usage and greenhouse gas emissions may end up making cities less affordable and more congested, critics say.
Rent control can have a negative impact on low-income households not living in rent-controlled units through higher growth in citywide median rents. Rents are too high because multi-family housing and the state’s housing stock have failed to expand
commensurately with the ever-growing population. The solution to this affordability problem is to expand the apartment stock in these cities, not introduce price ceilings.
Feb. 10, 2016
Home-price growth accelerated late last year, according to a report released Wednesday by the National Association of Realtors, as a lack of supply continues to drive up prices despite cooling demand. . . The five most expensive markets in the county were San Jose, Calif., where the median existing family home price was $940,000, San Francisco at $781,600 and Honolulu at $716,600. . . “Homeownership continues to be out of reach for a number of qualified buyers in the top job-producing, but costliest, parts of the country—especially on the West Coast and parts of the South,” said Lawrence Yun, chief economist at NAR.
Jan. 22, 2016
Were politicians willing to seriously address California’s housing crisis, rather than make token gestures, they’d reform CEQA and take other steps to encourage supply.