> We need to solve the job issue. If thoughtful analysis is done on this, it may actually turn out to be that the lack of lodging is a secondary issue, It may be the root issue is the inability for a sub-segment of our population to a stable 40 hour a week job that is the real Core problem.
It seems like a stretch to assume this is a jobs issue. You could make the same argument that it’s a lack of working enough hours. I’m not saying it’s either, simply that hours worked is not proof alone that the problem is the lack of jobs.
That said, housing prices continue to outpace household income [0], which should be a lot easier to explain as a cause for the problem that many cannot afford housing where they were able to before. Especially in California where there’s a greater incentive to hold on to a house and extract rent from it due to prop 13, and infamous amounts of attempts to constrain housing supply through regulations and lawsuits.
It seems like a stretch to assume this is a jobs issue. You could make the same argument that it’s a lack of working enough hours. I’m not saying it’s either, simply that hours worked is not proof alone that the problem is the lack of jobs.
That said, housing prices continue to outpace household income [0], which should be a lot easier to explain as a cause for the problem that many cannot afford housing where they were able to before. Especially in California where there’s a greater incentive to hold on to a house and extract rent from it due to prop 13, and infamous amounts of attempts to constrain housing supply through regulations and lawsuits.
0. https://fred.stlouisfed.org/graph/?g=1MH1V (Real Median Household Income vs Median Sales Price of Houses Sold)