Housing under construction in Riverside. (Photo: Orange Grove, via Shutterstock)
OPINION:Instead of moving forward with progressive and innovative policies that would expedite new housing or encourage Californians to take the risk and buy their first rental property, legislative leaders have decided to shelve most of those proposals and support failed policies that have been rejected by voters and communities for years.
Coastal housing in Laguna Beach. (Photo: John Bilous)
For decades, people living in California paid more for shelter than those in most of the rest of the country. But during the 1970s, “the gap started to widen. Between 1970 and 1980, California home prices went from 30 percent above U.S. levels to more than 80 percent higher,” the Legislative Analyst’s Office reported. Today, the average California home costs $440,000, or two-and-half-times the average price tag of $180,000 for a home across the country.