Richard D. Wolff

This week's NYTimes has an article about the CA housing crisis and many commenters blame prop 13 or excessive immigration, or restrictive zoning regulations or lack of transit, etc. They think the way to solve it is to build higher density, but I'm not sure that will solve the problem; the demand is just too great. This problem is particularly acute in coastal cities, with NYC having its own version of this housing shortage. What is really behind this, and what can be done to resolve it? Is rent stabilization the answer? Here's the article: https://www.nytimes.com/2017/07/17/us/california-housing-crisis.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news