- Genre:political science
- Sub-genre:Public Policy / City Planning & Urban Development
- Language:English
- Pages:96
- Paperback ISBN:9798991851008
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Book details
Overview
-This short book explains how California housing prices can be brought within reach of the millennial generation.
-This book shows how State housing policy in California has forced most cities into imposing rent controls on new housing construction, with disastrous results, by causing California housing inflation far in excess of U.S. housing inflation.
-A case study documents how much inclusionary rent controls increase the rents for the unsubsidized market rate units in the rent controlled project.
-Another case study models how the increased cost of inclusionary rent subsidies embeds into the price level, creating $13 of increased housing cost for every $1 of rent subsidy bestowed.
Description
This book describes housing policies that will enable a surplus small housing units that are affordable by design rather than by subsidy.
California housing prices can be brought within reach of the millennial generation with unit size zoning. Focusing on unit sizes rather than rent subsidies will produce a continuous surplus of smaller affordable by design housing.
California can allow developers to produce surpluses of housing, producing themselves into poverty, which always happens when housing production is not killed by local growth controls, local rent controls, and local rent seeking by government.
We can let the air out of the California housing bubble from the bottom up without causing a housing price crash by allowing and encouraging a surplus of small housing units.
