[billy99k]

Exactly. Regulations have made it so expensive and difficult to build housing in many parts of California (and other major cities in the US), that the demand outstrips the supply and it leads to unaffordable housing.

I keep seeing memes about housing costs in the 1960s being so cheap. I also wonder what the housing regulations were at this time. I'm guessing pretty light compared to now.

[miki123211]

There was a lot fewer people back then, in most places the ratio of people to available housing was much lower. The network effects were also far weaker, expensive air travel and worse communications meant that people didn't move to big cities as often.