California’s housing supply law fails to spur enough construction, study says

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The report found that it would take until after the year 3000 for Santa Clara, Irvine, Burbank and many others to achieve their low-income housing targets, assuming current production rates.

, which is known formally as the “housing element.” The Times found that the 50-year-old law requires cities and counties to produce lengthy reports to plan for housing, but it doesn’t hold them accountable for any resulting home building.

Any changes to the law should simplify the process for how housing goals are assigned, said Adam Fowler, director of research at Beacon Economics, the firm that authored the report. The state currently projects population growth, which is converted into a number of new homes estimated to meet that growth and those figures are given to to individual cities and counties via one of 19 regional agencies.

“It would be great if this process weren’t a Rube Goldberg-contraption or an M.C. Escher painting where the stairs lead to other stairs,” Fowler said.forcing cities behind on their goals to approve certain projects

 

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Davidlaz Hmmmmm, maybe they aren’t trying hard enough? Or at all?

Shouldn’t we live where we can afford? I want a beachfront mansion but I can’t afford it. Nobody’s fault but mine. Lots of places are cheaper than CA so go there.

California needs to lower or drop all the damn Housing Permit fees.

maybe you could get rid of some of them illegals then you would have plenty of room and plenty of money FOR AMERICANS. Irvine was one of the more wealthy areas to live what happen ILLEGAL INVASION

no problem. Before then, our consciousnesses will be stored in servers in Iowa, so won't need the housing.

Meanwhile here in LA more specifically on the westside there are multiple apartment buildings being built by the 405 and you have homeless people living under the overpasses 🤔

I really dislike that the subsidy given to transportation and its effect on the realestate and political economy is never a part these conversations about housing supply.

Thus always with top down social mandates.

AKA, we really don't want to do this, here is a free bus ticket to Idaho.

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Slowing Home Price Growth and Construction Hit Housing MarketHome prices in 2018 grew at their slowest pace in four years, while construction slumped, signaling that the housing market started this year on shaky footing. Making america great again isnt he Maybe if someone would quit hiking rates. Never heard that before right. Thats cause its winter. Spring is gonna be hot.
Source: WSJ - 🏆 98. / 63 Read more »