Doing Nothing Shouldn’t be an Option
§We can’t continue
to rely on periodic economic downturns to
restore housing affordability.
§Over-payment,
over-commuting, and over-crowding can get worse.
§High market-rate
housing prices do ultimately feed-back into
the economy, adversely affecting economic
growth.
§Failure to act will
result in the emergence of two classes
of Californians: homeowners and “permanent
renters.”