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In addition to shortage and affordability issues, the term "housing crisis" has been used for overlapping concepts such as a "fair housing crisis," involving residential discrimination and effects of segregation; an "eviction crisis"; issues of gentrification and displacement; and environmental concerns.
An affordable housing crisis or housing crisis is either a widespread housing shortage in places where people want to live or a financial crisis in the housing market. Housing crises can contribute to homelessness and housing insecurity .
Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
The crisis reached new heights last week when leading insurer State Farm General announced that it wouldn’t renew 72,000 property owner policies statewide, joining Farmers, Allstate and other ...
Something broke in California in the 1970s, and its housing market was never the same. In the decades since, the Golden State has grown into a gross exaggeration of every other state, complete ...
Though 2008 — the year a housing-driven financial crisis plunged the United States into the Great Recession — may be an ominous comparison, lawmakers have stated that additional housing is key ...
In 2024, zoning remains a much-discussed avenue to alleviate the housing shortage. [14] Mayor Breed proposed in July 2024 rezoning for more housing in areas that currently require a high percentage of office space. [15] And there were a number of state led bills to loosen zoning restrictions near public transit. [16]
California has long faced one of the largest housing deficits in the United States. In December 2022, CNN reported California had the largest deficit in the nation. A combination of inflation ...