HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
“Housing is very hard to put in place in a number of areas.
The NIMBY phenomenon has really taken hold in California and many other metro areas.
You think it’s protecting your area, your value — but it’s denying housing to the next generation.
It makes it increasingly difficult
for working people, even middle-income earners to buy any kind of housing,” said
Ken Rosen, chairman of real estate market research firm Rosen Consulting.
Rosen said real earnings are a lot higher in secondary cities.
He said a family may spend 25 percent of its income
on housing in a smaller market, but more than 40 percent of it on housing in a
major city.
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