California is doing something right for housing, should Washington follow suit?

The Puget Sound Regional Council has just released a report reviewing housing prices in Washington and no surprise, concludes housing costs too much. The basic rules of demand and supply drive the cost of homes, the less homes on the market, the more they will cost. Making it worse are high interest rates and recent inflationary pressure caused by the federal government’s reckless monetary policy during COVID. Homeowners are holding onto homes financed with low interest rate loans, the threats of bans on natural gas and high permitting costs and delays are driving the housing costs still highe...