California’s Housing Policies Burn Millennial Home Buyers

Why are Democrats so opposed to affordable housing?

You know how Democrats are always talking about community? You know how they always talk about economic diversity? How they criticize the rich? Well, here's a story from California that disproves everything they've ever said about these topics:

The Golden State’s soaring home prices—exacerbated by NIMBY zoning restrictions, development plans that prioritize “density,” and arbitrary environmental rules—are exacting a catastrophic social and economic toll on the rising generation of young people looking to start families and lay down roots. So argues a bracing recent report from Joel Kotkin’s Center for Demographics and Policy at Chapman University. . . .

The reports has some jarring news about what is happening in the Sunshine State as millennials try to figure out where to live...  and end up choosing their parents' home:

Kotkin and his colleagues note the high number of California millennials who are “failing to launch” due to prohibitive housing costs. While older California residents own homes at average rates, millennials own homes at lower rates than their peers in any other states except New York and Hawaii. More than half live with parents or other relatives. If home prices in California continue to rise at several times the rate of those in the rest of the country, “failure to launch” could turn into “crash and burn,” as an entire generation is denied the California dream their parents enjoyed.

This isn’t just an ordinary public policy dilemma; it is a crisis that cuts to the heart of the bargain that holds communities together.

The main demographics affected are the working and middle class. These Democratic policies have "caused inequality to soar, making inland areas virtually unrecognizable compared to wealthy areas along the Pacific Coast." Plus, since most people want to have a home when they start having babies, "the population of children in the state is shrinking, 'with the lowest crude birth rate since 1907 occurring in 2016.'" California's "cosmopolitan progressive ideology" is taking a toll on the state, there's no doubt about it. And no real solutions seem to be forthcoming.

"Lefties spend a lot of time talking about 'community,'" writes Glenn Reynolds, "but always pursue community-shattering policies."

Image Credit: Flickr by Nan Palmero