California housing crisis affecting middle class the most: It’s ‘a broken system’

Fox News quoted Richard Green of the USC Lusk Center about the contributing factors in California’s affordable housing crisis. “Supply and demands works,” said USC real estate professor Richard Green. “People want to be here and we’re not accommodating them with new housing and so the cost of the housing goes up.” A similar, albeit…

America needs small apartment buildings. Nobody builds them.

Bloomberg highlighted research co-authored by Raphael Bostic  and Enterprise Community Partners which shows that average monthly rents in small to mid-sized apartment buildings are the most affordable nationwide, but these smaller apartment buildings are the least likely to be built. If this trend continues, the market for affordable housing will continue to dwindle. Zoning rules have developed to favor…