San Francisco elites do nothing to help normal people find a decent place to live

California’s housing crisis isn’t easing anytime soon. The elites, who have big homes, and great lives, could care less.

That’s the message from the latest Anderson forecast, a quarterly economic analysis from UCLA.

Projections show that rents will continue to surge, especially for low- and moderate-income people in coastal areas of California, and that home prices will continue to spiral out of reach for first-time home buyers.

Housing starts remain far below prior peaks.

The impact has been a housing crisis shouldered disproportionately by young people seeking to buy their first homes, and by those with lower and more moderate incomes seeking affordable housing near job centers.

Source: San Francisco Chronicle


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