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Silicon Valley Execs Champion Housing Bill

March 28, 2018

At the end of 2017, 56 percent of households in the U.S. could afford the median priced U.S. house, according to the California Association of Realtors. But only 21 percent of people in the Bay Area can afford the median priced house there, which rose to a record $825,000 in November. David Paul Morris/Bloomberg

“In California we have dug ourselves into a massive housing hole in the last 50 years by making it progressively harder to build housing by making it more time consuming and expensive,”  says Brian Hanlon, who heads the California YIMBY group.  “We’re past the point of viewing housing as a pure local issue. It is a statewide concern.”