Swaim Housing/Homelessness Q1
Absolutely, they’re linked. Setting aside the mental/social problems affecting perhaps two-thirds of all homeless, we’re still left with many people for whom affordability is a problem. But affordability is often mischaracterized as a problem created by gentrification or the presence of successful corporations in which relatively high employee pay (effective demand) drives up the price of housing. The real problem is in the artificial limits imposed on the supply side — and in California, supply is often a function of regulation.