Democratic gubernatorial candidate Tom Steyer discussed his housing agenda, which includes proposals to expand housing supply and reduce costs, during a recent appearance on the “Pod Save America” podcast. A press release from his campaign indicated the candidate also addressed support from the YIMBY movement and criticism from corporate real estate interests.
Zillow Chief Economist Svenja Gudell warned in 2016 that the imbalance between demand for low- and middle-income housing and the overwhelming share of new luxury apartment construction would deepen affordability pressures, but policymakers and housing advocates ignored her warning and prioritized market faith over material outcomes.
Despite the passage of dozens of new laws, California’s housing crisis remains far from solved, but the foundation for a new housing era has been laid and progress is being made through small projects and a shift in the political culture to favor building rather than blocking.
Former President Barack Obama has urged Democrats to stop being ideologically stuck and start building homes to address the housing crisis, while some critics argue that his previous administration’s housing response prioritized banks over borrowers and left many behind.
Despite the buzz around “abundance” in housing policy, advocates are warning that prioritizing luxury development over deeply affordable homes will exacerbate inequality, displace vulnerable tenants, and fuel homelessness.
Davis, California’s progressive values are contradicted by its refusal to build enough housing for its own UC Davis workforce, leading to increased commuting distances, traffic congestion, and environmental sustainability issues.