The following is an excerpt from Conor Daugherty in the NYT analyzing California’s housing crisis. I discovered this excerpt via Marginal Revolution:

Nearly all of the biggest challenges in America are, at some level, a housing problem. Rising home costs are a major driver of segregation, inequality, and racial and generational wealth gaps. You can’t talk about education or the shrinking middle class without talking about how much it costs to live near good schools and high-paying jobs. Transportation accounts for about a third of the nation’s carbon dioxide emissions, so there’s no serious plan for climate change that doesn’t begin with a conversation about how to alter the urban landscape so that people can live closer to work.

Follow Conor Daughtery here.

Read the full New York Times article here.