How California Became America’s Housing Market Nightmare

Bloomberg, Nov. 6, 2019–Noah Buhayar, Christopher Cannon
From outdated zoning laws to a 40-year-old tax provision that benefits long-time homeowners at the expense of everyone else has created a severe shortage of houses. While decades in the making, California’s slow-moving disaster has reached a critical point for state officials, businesses and the millions who are straining to live there.