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California’s Housing Crunch Deepens | Los Angeles News
Description
California’s housing crisis just got more complicated: fewer people are living in each home, forcing the state to build more homes than population growth suggests. With seniors staying put in big single-family homes and families shrinking, demand for smaller, affordable units is skyrocketing — but supply isn’t keeping up. Prop 13 locks in low taxes for longtime homeowners, discouraging sales and worsening the shortage. Experts warn without a surge in diverse housing options, both older residents and younger buyers will remain stuck in a cycle of unaffordable, mismatched spaces.
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