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Over the past eight years, the San Francisco Bay Area has added about 676,000 jobs and 176,000 housing units. The entirely predictable result has been a surge in rents and home prices along with a rising homeless problem that has jetloads of tourists convinced that one of the richest places on earth is actually a dystopia of misery and destitution.

Can anybody fix this? Or is this just the new California reality that residents are going to have to accept as normal? It’s an existential question for the world’s fifth largest economy and the nation’s most populous state. Despite its reputation for all things liberal, California has the highest poverty rate in the country — about one in five people — once the cost of shelter is figured in. This is not for lack of jobs or money, but because its cities are so exclusive that they are essentially turning working-class residents into poor people.

Legislators have passed a few streamlining measures and voters have approved billions for new affordable housing, but so far the biggest ideas have been mostly pushed aside. The latest example came Thursday, when S.B. 50, an ambitious but divisive bill, was shelved until next year. The bill would expand the state’s housing supply by forcing cities to allow apartment buildings in the low-slung bungalow neighborhoods on which the state was built. In a statement, Gov. Gavin Newsom said he was “disappointed.” So was Scott Wiener, the San Francisco state senator who introduced the measure.

Each year state legislators go through a Groundhog Day routine in which they introduce dozens of new housing bills that are full of technicalities and minutiae but fall into two basic categories. The first are bills that make it easier to build housing so that the long-term shortage can be rectified. The second are bills that provide more money for subsidized affordable housing and expand tenant protections so that people who already have affordable homes don’t lose them.