Yes

California Housing Shortage: Will Money From Tech Companies Make a Difference?

California Housing Shortage: Will Money From Tech Companies Make a Difference?

The San Diego Union-Tribune

Norm Miller, University of San Diego

YES: It depends on our view of “any.” In the short run, new subsidies and capital infusion will help a few families, but they will not have any impact on the causes of high housing costs and could even make the problem worse in areas where subsidies are concentrated by supporting high site costs. We know that the root problem is a lack of supply, which requires forcing more density upon local jurisdictions and reducing fees per unit in favor of fees prorated by unit size.

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