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News & Press: Sacramento Report

Opinion: Why SB 2 Will Fail to Make Housing Affordable in California

Tuesday, October 17, 2017  
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A columnist in the Wall Street Journal recently opined that the housing legislation passed in California will do little to address the real problem of housing affordability and could even make things worse for poor and middle-income residents. The WSJ article reported that, like so many of the state’s problems, the crisis has political and regulatory origins. California’s housing prices have always been high, but the gap has grown amid an increasing mismatch between supply and demand. Between 1950 and 1970, home prices were about 30% above the national average. By 1980 that had widened to 80%. In 2015 it was 150%.

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