California Housing Prices a Vicious Circle

By: Builder Online

In a recent article about California housing prices and how they affect the future of the state, Joel Kotkin posed a question: “Is California Anti-family?”

John McManus covers the issue of housing affordability in an article at Builder Online, excerpted below.

Dave Cogdill, president and ceo of the California Building Industry Association, has at least some of the answer to Kotkin’s question.

Cogdill asserts that Californians–the elected official ones and the voting ones–have only themselves to hold accountable for the decline in families and in next-wave economic prosperity, nobody else. California’s shortfall of new-home development is running at 100,000 units annually, Cogdill says, and that’s why the state is stuck in a vicious circle.

Read the full article at Builder Online