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Article
California's Economic Recovery May Hinge on Changing Financing for New Housing
California Journal of Politics and Policy (2011)
  • Randall N Margo, Golden Gate University
Abstract
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.
Keywords
  • impact fees,
  • housing costs,
  • economic recovery
Publication Date
July 20, 2011
Citation Information
Randall N Margo. "California's Economic Recovery May Hinge on Changing Financing for New Housing" California Journal of Politics and Policy Vol. 3 Iss. 1 (2011)
Available at: http://works.bepress.com/randall_margo/1/