California's economic recovery is contingent upon reviving its residential housing industry, which at its peak contributed over $67 billion to the state's economy and 487,000 jobs. However, while the foreclosure of homes remains the most visible impediment to recovery, the imposition of development impact fees that currently range from $40,000 to $100,000 per house will obstruct the long term recovery of the housing industry in California.
Managing Editor: Lubenow, Gerald
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California's Economic Recovery May Hinge on Changing Financing for New Housing
Randall N Margo
1Golden Gate University
Citation Information: California Journal of Politics and Policy. Volume 3, Issue 1, Pages –, ISSN (Online) 1944-4370, DOI: 10.2202/1944-4370.1120, January 2011
Publication History:
- Published Online:
- 2011-01-24
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