Last week, the Valley Industry and Commerce Association released its list of 2019 Legislative Priorities, which are developed by our board of directors and then voted on by our members. Once again, housing is at the top of our members’ list of concerns. VICA’s top legislative priority for 2019 is to “support the development of housing at all economic levels to address homelessness and the workforce housing crisis in Los Angeles.”
So how can we do this? First, we need to understand that the solution to the housing crisis is to simply build more. Many seem to think that rent control policies are the magic solution and will keep prices from rising. In fact, they will make the crisis even worse by limiting the supply of housing.