Solving California’s Housing Affordability Crisis

California is the national poster child for expensive housing and homelessness. The average home price in the state is about 250 percent above the national average, while average monthly housing rents are about 50 percent above national levels. Opinion polling shows that housing affordability is a major public concern, with nearly 80 percent of Californians surveyed reporting that the state has a housing crisis and 47 percent stating that they cannot afford to live in the Golden State. Many residents have voted with their feet, resulting in more people leaving...