California’s Economy Is On Fire But Affordable Housing Is A Serious Issue

California may overtake the United Kingdom as the fifth largest economy in the world. But if living and working California are on your bucket list, the inability to find affordable housing may take it off that list. Yep. California has a major league shortage in affordable apartments and houses. The cost of buying a home in California is twice the national average. The median cost for a not-so-special home in the state is $500,000. Homelessness is the flavor of the day and moving into vans is a common solution in Los Angeles and other cities. Silicon Valley, the mecca for status, wealth, and innovative technology has more than its fair share of recreational vehicles lining the RV parking lots. Finding an affordable place to live in any part of California is a challenging adventure.
The debate over housing is throwing a political monkey wrench in the fast moving economy. The once famous “quality of life” in California is disappearing. And the debate over rent control and planning and zoning regulations is turning state and local political figures into raging political bulls. Lawmakers are considering legislation that will crack down on communities that delay or stop housing proposals that will help ease the shortage.
The state has always been a haven for coastal lovers. And living on the coast in California is a dream more than a reality these days. Most folks would have to win the lottery to afford a home along the California coast. But the cost of owning any home in the state is now a dream. The California housing debacle is the worst social disaster in the state’s history. Middle and lower income earners don’t have a chance of owning a home, but Governor Jerry Brown is trying to do something about that. Brown wants developers and construction companies to build more affordable housing, and he is dangling economic figures and building incentives in front of those companies.
The housing crisis is no different from the water shortage, according to some California legislators. They want to pass laws that require companies to build affordable housing without adhering to some of the restrictions that are currently in place that prevent companies from making money if they build popular price housing. It’s all about the money in California, and Brown and his administration must make housing about the people, according to some legislators. Brown can make things happen, so there is hope for people who are still dreaming of owning a home in California.