No matter where you live, you’re probably familiar with the exorbitant cost of housing in California.
The state’s median home price has crept above $800,000, more than double what it is nationwide. Among the 50 biggest cities in the country, we’re home to the top four most difficult places to afford a mortgage. And half of all Americans experiencing homelessness live in California.
Our housing crisis has a seemingly simple solution, according to the laws of supply and demand: Build more housing.
But for decades, resistance from suburban homeowners has stalled development as the problem has only gotten worse.
On Thursday, the state took a step toward creating higher-density neighborhoods as Gov. Gavin Newsom signed two high-profile housing bills.
Though the bills, Senate Bills 9 and 10, endured intense opposition in recent months, neither is all that revolutionary, said Conor Dougherty, a reporter for The New York Times who writes…