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The Cost of a Hot Economy in California: A Severe Housing Crisis
Nagourney and Dougherty of the NYT give this report on the housing crisis in California by 2017 with the median cost of a home skyrocketing to twice the figure for the U.S. This price is now $500,000. The result is longer commutes even for people with incomes over $150,000 a year, stretching to as much as 2 hours one way. It means people lacking housing stay in vans with improvised kitchens and other sleeping arrangements. Not enough homes are being built because of strict zoning and planning regulations that are kept in place by neighborhood groups, effectively excluding outsiders. Now its not just the coastal areas that are affected but the whole state. Governor Brown of California tried to pass a measure in 2016 that would push communities to build more affordable housing, and ran into opposition from local officials and environmentalists. Now the opinion in the state is changing with younger people denied a chance at decent housing at the forefront and some elected officials such as the Mayor of Los Angeles, Mr. Eric Garcetti. A new bill in the state legislature would make it harder for cities that are falling behind in building housing to lose the right for City Council to hold back on approval of new construction, effectively bypassing it.
California's law capping property taxes after Proposition 13 was passed in 1978 has also held back construction. Other factors are the building of new offices for companies in the tech boom around San Francisco without a corresponding effort to build new homes for these new office workers. California was slow to respond to housing needs for young people, with only 311,000 housing units built since 2006.
Demand from Silicon Valley that is driving up rents to $117 per square foot in San Francisco
05/28/2014
Companies in Mountain View and Cupertino, California, are tapping into the talented engineers and other professionals living in San Francisco, by buying or rening office space in the city. Already employees ae being bussed from the city to Silicon Valley. This process accelerated in 2013-2014.
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Silicon Valley Fans San Francisco's Flames
Wall Street Journal 05/28/2014
Silicon Valley Tries to Remake the Idea Machine
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Why Silicon Valley Will Continue to Rule the Tech Economy
Wall Street Journal 08/23/2014
Stockholm’s Housing Shortage Threatens to Stifle Fast-Growing Start-Ups
New York Times 12/14/2014
Tech Expansion Overruns Cities in California’s Silicon Valley
Wall Street Journal 04/27/2015
Blending Tech Workers and Locals in San Francisco’s Troubled Mid-Market
New York Times 08/16/2015
Jerry Brown and a fourth term as Governor of California in 2014
10/24/2014
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Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
Gov. Jerry Brown Heads Into Unprecedented Fourth Term
Wall Street Journal 01/06/2015
The Cost of a Hot Economy in California: A Severe Housing Crisis
The New York Times 07/17/2017
Opinion | What Jerry Brown Means to California
New York Times 01/07/2019
U.S. Regional Economies- California.
01/14/2010
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The economic performance of cities: Following the sun
Economist 05/16/2013
New York Times 01/14/2010
Economy Faces a Long Road to Recovery
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Can Jerry Brown Cut California Down to Size?
BusinessWeek 06/02/2010
California Is Stuck in 1st Gear
Wall Street Journal 06/08/2010
California's Building Bust Choking Off Jobs
Wall Street Journal 07/29/2010
U.S. Regional Economies- San Diego, California
12/09/2010
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San Diego Mayor Building Economic Bridges to Tijuana
New York Times 05/12/2013
The economic performance of cities: Following the sun
Economist 05/16/2013
Rochesterâs Survival Lessons
New York Times 02/02/2012
San Diego's Tough-Love Pension Proposal
BusinessWeek 12/09/2010
Wall Street Journal 02/02/2012
California's Boom Masks State's Uneven Recovery
Wall Street Journal 08/15/2012
California's crippling housing shortage in 2017 with local zoning restrictions, focus on tech office space
07/17/2017
Quality of life deteriorates for young people in California with the unaffordable cost of housing, longer commutes upto 2 hours one way, and homelessness.
Grouped Articles
The Cost of a Hot Economy in California: A Severe Housing Crisis
The New York Times 07/17/2017
A 2:15 Alarm, 2 Trains and a Bus Get Her to Work by 7 A.M.
The New York Times 08/17/2017
A journey through a land of extreme poverty: welcome to America
The Guardian 12/15/2017
Majority of U.S. public school students are in poverty - The Washington Post
Washington Post 01/17/2015
U.S. Regional economies-Oakland, California.
12/31/2009
Grouped Articles
The economic performance of cities: Following the sun
Economist 05/16/2013
Wall Street Journal 10/30/2013
Port of Oakland Stands Tall in Tough Economy
Wall Street Journal 12/31/2009
New York Times 01/14/2010
Can Jerry Brown Cut California Down to Size?
BusinessWeek 06/02/2010
California Is Stuck in 1st Gear
Wall Street Journal 06/08/2010
California's economy during the downturn 2009-2012
06/08/2010
Grouped Articles
California Is Stuck in 1st Gear
Wall Street Journal 06/08/2010
The Cost of a Hot Economy in California: A Severe Housing Crisis
The New York Times 07/17/2017
A journey through a land of extreme poverty: welcome to America
The Guardian 12/15/2017
Mountain View, California, and two economic worlds
06/04/2011
Grouped Articles
In Mountain View, 2 Contrasting Economic Worlds Intersect
New York Times 06/04/2011
The Cost of a Hot Economy in California: A Severe Housing Crisis
The New York Times 07/17/2017
A journey through a land of extreme poverty: welcome to America
The Guardian 12/15/2017
Majority of U.S. public school students are in poverty - The Washington Post
Washington Post 01/17/2015
California
05/14/2012
Grouped Articles
Brown Says More Cuts Needed in California
Wall Street Journal 05/14/2012
The Cost of a Hot Economy in California: A Severe Housing Crisis
The New York Times 07/17/2017
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