Low-Income Residents May Benefit From Fewer Housing Regulations

Low-Income Residents May Benefit From Fewer Housing Regulations
An advertising banner for new home sales in Alhambra, Calif., on Sept. 26, 2013. Frederic J. Brown/AFP/Getty Images
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Housing costs in California continue to soar close to record highs as officials struggle to deal with the prevalence of homelessness in the state. Meanwhile, 42 percent of all Los Angeles millennials live with their parents and empty lots in the Bay Area are listed for $9 million.

The crisis has led many to call on Bay Area lawmakers to ease housing rules by eliminating housing-density restrictions in the region.