The kind folks at the Orange County chapter of the Building Industry Association were nice enough to invite me to join a recent panel on local housing market conditions.
I decided an early-morning seminar required a quick start, so I offered the audience of industry insiders and local elected officials a “pop quiz” on some housing supply and affordability trends.
The theme to my questions was that decades of rising housing costs aren’t as out of line with monetary sanity as one might think. That reality check doesn’t make it any financially less challenging to live here, but I think it does give policymakers some leeway when seeking cures to local housing hurdles.
So here are my 10 questions that say a lot of about limited affordable housing options.
#1: Relative value?
Q: In past 30 years, Orange County home prices have increased five-fold while inflation has just doubled….
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