Home › News ›

California's Housing Shortage Is 'Overstated'

Posted by: Abhijeet Chavan
Thanks to: Scott Butler
11 March 2004 - 2:00pm

A study suggest that what is believed to be California's statewide housing shortage may only be limited to major cities.

"A chronic statewide housing shortage blamed for driving up California home prices and forcing families to share dwellings may be overstated and is largely confined to major cities, says a study released Wednesday.In an analysis countering widespread popular opinion, the Public Policy Institute of California suggests there is little evidence of a statewide housing shortage outside metropolitan Los Angeles, the San Francisco Bay area and San Diego."

Full Story: Chronic California housing shortage is overstated, study says
Source: The Sacramento Bee, March 10, 2004
»
Bookmark and Share
“
The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
”