California Housing Market #realestate #homeownership #news #investment

Bill Proposed to Build More Homes
Source:  The San Francisco News

Newly elected California State Senator, Scott Wiener, introduced a bill that would legally require California cities to build more homes.

The former San Francisco Supervisor proposed Senate Bill 35 in Sacramento hours after being sworn into office on Monday, Dec. 5.

"The housing crisis is not just about it being hard for people today to find housing - that is a huge problem, and the housing crisis fuels evictions, displacement and makes it hard for families to grow," said Senator Wiener.

Podcast:  Patt Morrison Asks Raphael Bostic About LA Housing Market
Source:  The Los Angeles Times

The Bay Area's housing costs are so preposterous that this year, Palo Alto - the capital of rich tech - was considering housing subsidies for working families earning as much (or as little) as $127,560 a year.  Los Angeles' housing market looks reasonable by comparison.

The wide-open vistas believe the fact that Los Angeles is the densest urban space in the country - too few places to live and too many people wanting to live here.  Raphael Bostic, who was an assistant secretary at the department of Housing and Urban Developent, is now at USC's School of Public Policy, and he considers how the many catastrophes of the Oakland fire have made cities like L.A. rethink their own housing crises.

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