Part 6/15:
All these layers increase the expense of development, discouraging builders from starting new projects. The result? An insufficient housing supply that prices out the middle and lower classes, fueling homelessness and social disparity. With California housing prices climbing exponentially—homeownership is becoming an unattainable dream for many—the state’s policies are inadvertently contributing to a surge in homelessness, which now accounts for between 25% and 30% of the national homeless population.
The Role of Energy Costs