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Keynote: California’s housing squeeze is reshaping who can stay — local action urged
Summary
Urbanist Joel Kotkin told the Salinas Regional Housing Summit that California's high housing costs have driven net domestic out-migration, depressed homeownership among younger cohorts and that local permitting, manufactured housing and job growth are the immediate levers cities can use to stabilize communities.
Joel Kotkin, an urbanist who teaches at Chapman University, opened the Salinas Regional Housing Summit with a wide-ranging diagnosis of why housing has become the central economic and demographic challenge for California.
"Housing costs is destroying the aspirations of younger people," Kotkin said, arguing that rising prices and restrictive land and permitting regimes have produced a net outflow of Californians and a decline in homeownership among younger cohorts. He cited long-term shifts in jobs and housing demand — including more growth in suburbs and smaller cities — and said those patterns present opportunities for places like…
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