BY THE MERCED SUN-STAR EDITORIAL BOARD | October 13, 2016
From Los Angeles to San Francisco to Sacramento and back again, public policy officials have been wailing over California’s housing shortage and resulting high prices.
Median-priced California homes cost $469,000. More Californians rent than do residents of any other state except New York. Even a parking space in San Francisco costs $500 a month. The law of supply-and-demand insists a building boom is imminent. If the past is a prelude, that boom will echo throughout the Northern San Joaquin Valley.
Consider: a house payment in San Francisco consumes 95 percent of a resident’s median income. But in Merced County it’s only 40 percent. In Stanislaus County it’s 44 and San Joaquin 51. We’ve always been a magnet for Bay Area families seeking affordable housing; when the next wave arrives, many will have children in tow. And those children will need schools.
Which brings us to Proposition 51.