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Stuart Gabriel Stuart Gabriel is the Arden Realty Chair, Professor of Finance and Director at the UCLA Ziman Center for Real Estate.

The housing affordability crisis is the hottest topic in commercial real estate. Experts from every niche are presenting solutions to the problem, from advocating for more mixed-income properties to pegging high-density legislation as the best solution. Stuart Gabriel, Arden Realty Chair, professor of finance and director at Richard S. Ziman Center for Real Estate at UCLA, thinks there is a range of solutions—both public and private—to solve housing affordability. While he agrees that affordability is ultimately a supply issue, he says that the problem is too large for the public sector to handle alone.

“The public sector alone has nothing close to the wherewithal or the capacity to deal with the magnitude of these issues,” Gabriel tells GlobeSt.com. “The creation of affordable housing can only occur in concert with the incentive structures that are available in the private sector and for private development. Without that, we are going to be talking about a cup of water in the Santa Monica Bay. In other words, we are going to be talking about solutions that may be symbolic but that are materially not adequate enough to deal with the magnitude of the problem.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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