Data show California’s deepening housing crisis
http://www.sacbee.com/news/politics-government/politics-columns-blogs/dan-walters/article75198867.html
While we issue permits for 100,000 units a year, the net gain last year was just 67,110, as thousands of units are demolished or destroyed by fire each year. Over the 2005-2015 period, the net gain was 936,192 or just three-fourths of population-driven demand.
The yawning and ever-widening gap between the housing that California needs to keep pace with its modest increases in population and what is actually being produced has driven rents and other housing costs through the roof....
The crisis is particularly acute for the 15 million Californians who live in poverty or what the Public Policy Institute of California calls near-poverty. Its not uncommon for families in major urban areas to devote well over 50 percent of their meager incomes to shelter.
California politicians talk about the housing crisis constantly. But while offering a few token inducements for new construction, theyre unwilling to address the macro issue.