How the California Dream Became a Nightmare

“Smart Growth” has had severe consequences for the California Citizens

However, finally, an important organ of the state has now called attention to the housing affordability problem. The Legislative Analyst’s Office (LAO) has published “California’s High Housing Costs: Causes and Consequences,” which provides a compelling overview of how California’s housing costs have risen to be by far the most unaffordable in the nation. It also sets out the serious consequences.”

  1. Spending a Greater Share of Income on Housing 
  2. Postponing or Forgoing Homeownership
  3. Living in More Crowded Housing
  4.  Commuting Farther to Work
  5.  Choosing to Work and Live Elsewhere

LAO  raises this concern:

If California continues on its current path, the state’s housing costs will remain high and likely will continue to grow faster than the nation’s. This, in turn, will place substantial burdens on Californians—requiring them to spend more on housing, take on more debt, commute further to work, and live in crowded conditions. Growing housing costs also will place a drag on the state’s economy.

New Geography Article by Wendell Cox 

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