May 8, 2017

TYPICAL BLUE-STATE RESULT: California’s Reactionary Housing Policy Burns Millennials.

The Golden State’s soaring home prices—exacerbated by NIMBY zoning restrictions, development plans that prioritize “density,” and arbitrary environmental rules—are exacting a catastrophic social and economic toll on the rising generation of young people looking to start families and lay down roots. So argues a bracing recent report from Joel Kotkin’s Center for Demographics and Policy at Chapman University. . . .

Kotkin and his colleagues note the high number of California millennials who are “failing to launch” due to prohibitive housing costs. While older California residents own homes at average rates, millennials own homes at lower rates than their peers in any other states except New York and Hawaii. More than half live with parents or other relatives. If home prices in California continue to rise at several times the rate of those in the rest of the country, “failure to launch” could turn into “crash and burn,” as an entire generation is denied the California dream their parents enjoyed.

This isn’t just an ordinary public policy dilemma; it is a crisis that cuts to the heart of the bargain that holds communities together.

Lefties spend a lot of time talking about “community,” but always pursue community-shattering policies.

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