The housing shortage is likely to become an issue that will reshape the political landscape. That’s already happened in the United Kingdom, where observers think far-left Labour leader Jeremy Corbyn will become Prime Minister in the near futRead more
Some parts of the United States, such as California, are now facing a serious housing shortage that threatens the economy.
Economic growth in the Golden State will slow in coming years economists, at the University of California (UC) at Riverside and UCLA concluded. Job growth in California will slow to 1.7% in 2017 and 1.1% in 2018 largely because of high-housing costs; a report from UC Riverside forecast, California’s job creation rate was 2% in 2016.