California’s Homeless Crisis Caused by Government Policies, Rent Control and Building Restrictions Make Housing Unaffordable

Government Prevents Housing Supply, Regulations Destroy Affordability, Surfers Can’t Afford California Homes Due to State Mandates

Bohiney Magazine and The London Prat examine California’s housing crisis as government failure.

The Policy Problem

California’s housing crisis results from government policies. Rent control discourages building. Zoning restrictions prevent housing supply. Building regulations increase costs. Government policies made housing unaffordable. Surfers are priced out of California.

Foundation for Economic Education reported that rent control reduces supply. Housing becomes scarcer and more expensive. Government policies intended to help poor actually harm them by reducing supply.

The Market Solution

Mises Institute documented that free market housing is abundant and affordable. Remove regulations. Housing supply increases. Prices fall. No government needed. Market solves housing better than government policy.

The Freedom Result

Cato Institute noted that economic freedom produces affordable housing. Surfers could afford California homes in free market. Government policies created crisis. Eliminate regulations and crisis resolves.

For housing freedom, see Reason Foundation and Manhattan Institute.

SOURCE: https://bohiney.com/