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Q&A: California's Housing Crisis, Failed Policies <br />and Obtainable Solutions <br />Has housing become unattainable for many Californians? <br />According to analysts, government imposed regulations and fees are leading <br />contributors to why California is the most expensive place to live in the U.S. An average California <br />home ($440,000) costs two -and -half times the average national home price ($180,000), and the <br />average monthly rent is $1,240, 50% higher than the rest of the country. This is not news for those <br />who see a big portion of their paycheck going to housing each month. <br />Are political leaders addressing the real problem? <br />Instead of addressing the root cause of the housing crisis, needless and costly regulations and <br />fees, some policymakers are championing rent control, despite the fact that it has never effectively <br />preserved or expanded affordable housing stocks. One of their favorite targets is manufactured <br />housing communities or mobilehome parks, as if private property owners are responsible for the <br />housing crisis. When manufactured homes offer all the quality and comfort of a stick -built house, <br />at prices 30% less, a compelling case can be made that they are part of the solution and not the <br />problem. <br />Does rent control work? <br />The view of nearly every economist and housing expert is that rent control has never led to more <br />affordable housing stock. In reality, it discourages builders from building more apartments and <br />mobilehome parks, and in fact, it has incentivized property owners to leave the rental market. If rent <br />control was effective, California would not be facing a housing crisis and rent control communities <br />would have the lowest rents, when in fact, they have the highest - and sometimes, the highest in the <br />state or nation. <br />Does rent control improve a mobilehome park's services and quality of life? <br />The application of rent control poses many challenges (i.e. unintended consequences) when applied <br />to manufactured home communities, creating a tradeoff between lower rents and the capital <br />investments parkowners must make to protect a park's viability, quality of life and the value of the <br />privately -owned homes located in the community. <br />Why is rent control particularly problematic for mobilehome parks? <br />To understand how it has truly failed, one must also understand how parks operate. <br />Unlike traditional rental property such as apartments, mobilehome parks operate like small villages or <br />cities. They provide all the benefits of a traditional neighborhood (i.e. security, social interaction, open <br />space, and close proximity to needed goods and services) and they appeal to all income Ievels.The <br />only real difference is the park's residents own the manufactured home, and the parkowner generally <br />owns the land beneath it. <br />