Steve PonTell, president and CEO of National CORE, which has properties throughout Southern California, said the Southland housing shortage is causing all sorts of negative consequences for communities and the lives of people, and that has far surpassed the crisis level, and its not getting anywhere near the attention it should be getting.
I would argue Southern California is short 600,000 units, he
Cities are highly incentivised to build retail space; if they can land a Costco
or a car dealership, thats a huge win, PonTell
Cities view housing as a negative, so they charge every conceivable fee they can charge on new housing development.
said that unless people figure out a way to incentivise cities to want more housing, we will never catch up.
If the state of California took all of the sales tax and gave cities back an equal amount of income tax and based it half on where people live and half on where people work, now cities would be (incentivised) to produce jobs and housing because that is how they would get revenue, PonTell