In California, prices and rents are so high that they lead to an exodus of our kids to lower-cost states. It depresses job creation, as companies avoid locating in places where their employees cannot afford to live. Housing is the prime reason California has the nation's highest poverty rate, at more than 20 percent, using the Census Bureau's cost-of-living-adjusted measure.
But a trio of bills signed by the governor last Friday will do little to fix things, writes Steven Greenhut. Local restrictions really need to be rolled back. Perhaps it's time for Californians to stop waiting for Sacramento, and start pressuring local governments to soften their regulatory restrictions.