Comments on: San Jose struggles to meet ambitious housing goals https://calwatchdog.com/2018/09/29/san-jose-struggles-to-meet-ambitious-housing-goals/ Mon, 01 Oct 2018 02:23:59 +0000 hourly 1 By: Sean https://calwatchdog.com/2018/09/29/san-jose-struggles-to-meet-ambitious-housing-goals/#comment-143637 Mon, 01 Oct 2018 02:23:59 +0000 https://calwatchdog.com/?p=96701#comment-143637 There is no desire to solve the housing problem in Silicon Valley or most other areas in California. Home owners love to see their most valuable personal asset increase in price while anti development activists likely see the pace of development as too fast. Exodus of lower and middle class residents is a feature not a bug in the system.

]]> By: Richard Rider https://calwatchdog.com/2018/09/29/san-jose-struggles-to-meet-ambitious-housing-goals/#comment-143635 Sun, 30 Sep 2018 12:53:50 +0000 https://calwatchdog.com/?p=96701#comment-143635 Housing is far cheaper and plentiful in Texas than CA — for a reason. In Texas, government is friendly to home builders — rather than their enemy. For instance:

Here’s a sobering graphic comparing the CITY of Houston with the STATE of California.
http://www.aei.org/publication/monday-afternoon-linkage-4/

What it shows is that more permits for single-family homes have been issued in Houston than in the entire state of California both:
a) 2016 through March (9,184 in Houston vs. 9,081 in California)
and
b) from 2011 through March 2015 (133,462 vs. 132,915).

The result is that the median Texas home costs ONE-THIRD what the median California home costs. And here’s the kicker: 17 states have lower home prices than Texas!

Related: A recent survey revealed that the one-way rental rate for a 26-foot U-Haul truck from Los Angeles, CA to Houston, TX is $2,371, which is about 3 times the $806 rental rate going in the opposite direction from Houston to LA. Too many U-Hauls going in one direction.

​Result? The median home in other 49 states is 1/3 the price of the median CA home​.​ CA has the 2nd lowest percent of homeowners of any state.

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