Barriers To Housing Development Essay

Over the past few decades, local barriers to housing development have intensified through out high-growth metropolitan areas increasingly fueling the national economy. The huge add up of many barriers such as zoning, land use regulations, and long development approval processes has the in fact reduced the ability of many housing markets to respond to the ever growing demands. The growing harshness of undersupplied housing markets sends working families out of the market. This rigor of undersupplied markets jeopardies housing affordability for working families which increases income inequality, by reducing less-skilled workers access to higher-wage labor markets, also decreases GDP growth by driving labor migration away from other regions.
Significant barriers blocking new housing development can cause working families to be pushed away from a job -- that could benefit them being able to afford great housing -- and prevent them from moving to other regions that may provide more higher wage jobs. These excessive long standing barriers can also result in the over excessive pull back on national economic growth and further exacerbate actual income inequality. The new housing that does get built tends to be in disproportionally concentrated within low-income communities of color—causing wide …show more content…
If the state were stacked up against nations, California would likely be the seventh-largest economy. California is a desirable place to be, but California’s home prices and rents are higher than just about anywhere else. Beginning in 1970, the gap between California’s home prices and the rest of the nation began to spread. California’s home prices went from 30 percent above U.S levels to more than 80 percent higher between 1970, and 1980. Living in a decent housing accommodation is important for every Californian. But how much is too