[hifromLA]

The US housing crisis is especially acute because the thinking is so local. We don’t have enough housing units in our most economically productive cities so individual actors move to cities with a lower cost of living. Those cities then skyrocket in price and the cycle continues.

We have no coherent strategy for how to increase the number of housing on a national level. To be fair, CA has removed quite a bit of local zoning control because the housing crisis is so acute.