Special report: Can we build our way out of the housing crisis? - The San Diego Union-Tribune: "San Diego County should be awash in new housing projects.
Unemployment is low and wages are rising. Many millennials are marrying, having children and aiming to buy. Their parents want to downsize.
But the market is not responding.
Last year only about 10,000 housing units were approved, and most were for rent, not for-sale homes and condos."
The article suggests that anti-growth sentiments and lack of land zoned residential are the main problems, along with developers being afraid that if they build condos or HOA housing, the association will sue them for construction defects. I'm just spitballing here, but maybe they could try building them without defects, instead of cutting corners and lobbying for the legislature to take away the right of consumers to sue.
Thanks to Fred Pilot for the link.