California's Economic Recovery May Hinge on Changing Financing for New HousingCalifornia Journal of Politics and Policy (2011)
AbstractCalifornia'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.
- impact fees,
- housing costs,
- economic recovery
Publication DateJuly 20, 2011
Citation InformationRandall 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/