There’s a lot of talk about how increading housing supply will help solve the housing crisis in LA. This misses the extreme segmentation of housing markets as well as the logic of speculation (1/2).
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In that context, given that CA only builds like 80K units per year for 300K net addl people, building more is absolutely necessary but also not sufficient. So I have a lot of issues with this constant mischaracterization of YIMBYism as only about building.
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In many suburbs in NorCal, there are only 20-30 units for sale each month as these cities keep discussing and approving office campuses in the 15-35K+ worker range in order to capture tax revenue to pay for their structural liabilities while balking at building any homes.
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