There is nothing Californians lament more about paying the price to live in our magnificent state than the cost of housing.
And for those who imagine that this is a case of the haves vs. the have-nots, even that nostrum is incorrect. Millions of Californians who are, yes, lucky enough to own homes purchased in a cheaper era are essentially locked into those houses and condos because it would be hard to afford to move — at least within-state — if they were to sell.
This editorial page has long advocated for the simplest — though massive in its implications — solution to the problem. Simply, the issue is one of supply and demand. There are too few apartments, condos and houses in California for the too many who want to live in them. We need to build far more housing for generations, and we need to start now.
Well, it turns out that one of the great cities of the world, filled with culture and beauty, has indeed solved the problem: Tokyo.
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