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From the Golden State to the Lone Star State: California’s affordable housing crisis and its effect on the job market

Mar 21, 2019

The PATH Metro Villas, in Hollywood, are part of L.A.'s big push to ramp up affordable housing construction.

The PATH Metro Villas, in Hollywood, are part of L.A.’s big push to ramp up affordable housing construction. ; Credit: Rina Palta, KPCC

AirTalk®

California’s economy may be booming, but if it doesn’t solve its affordable housing crisis soon, some employers could leave the state altogether.

According to a recent article in the Wall Street Journal, businesses in industries such as as finance, manufacturing, biotech, and food and beverage are leaving California for states like Texas due to lower taxes and lighter regulation.

Companies are struggling to recruit or promote employees to stay in California due to increasing home prices and rents which are higher on average than anywhere else in the country.

Can California solve the affordable housing crisis? What can California do to keep companies in the state? Give us a call at 866-893-5722.

Guest:

Nour Malas, national correspondent for the Wall Street Journal, where she focuses on economic issues on the West Coast; she tweets @malas_n

This content is from Southern California Public Radio. View the original story at SCPR.org.

Read the Full Story at KPCC Blogs




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