According to Ben Metcalf, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021.
We've made it difficult to build new housing, Metcalf said, citing environmental regulations, building codes, local control, and the opposition to building infill multifamily housing.
#california-housing-affordability #homeownership-rate #housing-supply-shortage #affordability-crisis
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