[fredgrott]

What people do not understand about housing crisis:

1. Baby boomers biggest demographic group holding on to homes, that means a huge decrease in housing supply

Read it twice as that is the major obstacle, nothing more nothing less; and notice you cannot solve it by asking retirees to sell that home and downsize as over time they lost purchasing power to do exactly that move!

[nine_k]

New construction is physically and logically possible, and not morally objectionable. It's just a regulatory impasse, because people with money and time to lobby against new construction are mostly the same people whose investment in realty would be negatively affected by new construction and lowering prices. California is especially badly affected.