Everything Is Considered Except Lower Prices
The writer in this Redlands story does a typical job of dancing around the only answer to the big affordability problem; lower prices. "It's old news that fewer than one of every five California families can afford a median-priced home in the state. A far different question might be to ask what percentage of families can afford any home at all."
"It would appear that close to half of California families are on the outside of the market. 'That is unhealthy,' said Steve Johnson, director of a real-estate think tank." RE think tanks?
"Another factor helping some people is the fact that some lenders now are offering 40-year mortgages. 'It seems like all we're doing is renting from the bank anyway,' Johnson said. 'I remember when mortgages went from 20 years to 30 years, so I suppose this is not that big a deal.'" (!)
The writer finally came out and said it. "At this point, anything that gets more people into the housing market is helpful."
Another idea is to remake the universe. "Economist Jack Kyser says people with lower incomes could benefit if we were able to 'unlock' parts of the housing supply. 'There are some areas, such as South Los Angeles, which are very affordable and very centrally located,' Kyser said. 'The thing that's keeping this part of the supply "locked' is problems with crime and with poor schools. It won't happen overnight, but if we could improve safety and the schools in some of these areas, we could add a lot more housing supply."