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What Will Really Solve California’s Housing Crisis?

IRVINE, CA—We need to stop addressing this issue through competing interests fighting each other, and the state needs to find a way to bring those interests together in a way that puts less constraint on developers, CCN’s Tim Paone tells GlobeSt.com.

Tim Paone Paone: “The demand for market rate is a bit higher than for below market rate, but production is 12 times as great for market rate than for below market rate.”

IRVINE, CA—We need to stop addressing California’s housing crisis through competing interests fighting each other, and the state needs to find a way to bring those interests together in a way that puts less constraint on developers, Cox Castle Nicholson partner Tim Paone tells GlobeSt.com.

According to Paone, in its recent draft assessment of “California’s Housing Future,” the State’s Department of Housing and Community Development made these observations, among others:

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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