KPCC: Why SoCal is at a tipping point in its housing affordability crisis

KPCC: Why SoCal is at a tipping point in its housing affordability crisis
August 28, 2017 Peter

The housing affordability crisis in LA is worsening, and many experts say building new homes is not enough. Paying affordable rent, let alone homeownership, has become an elusive dream for many trying to survive Southern California’s housing market. Seven decades ago, California home prices weren’t that different from the rest of the country’s. But the building supply has not kept up with population growth, driving housing prices through the roof. Young adults like Joshua Baum can’t fathom owning a home unless he gets help from his parents.

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