Why housing costs so much in California and why it may only get worse


California leads the nation in many categories from population to venture capital funding. Add lack of housing supply to the list.

The Golden State is under supplied by 3.4 million homes to meet its current housing needs, according to a report on housing underproduction from Up for Growth California, a nonprofit research and advocacy group. The national shortfall is 7.3 million homes, which means California makes up about half of that total.

Not only does the state not have sufficient housing,…

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