some, and often imposes restrictions on density and site plan layouts, creating significant time de- lays in the development process. Because metro- politan land can have alternative uses, lot prices tend to remain more expensive. Prior to 2010, re- development funds allowed many city agencies to contribute to affordable housing through housing “set aside” funds, along with inclusionary housing requirements. Only a small share of local housing property tax revenue is allocated to a city. This lack of revenue, coupled with the cost allocation of police/fire and other city agencies required to support new residential units, are disincentives for a city to push housing development along. Trades working in urban environments also budget in extra cost factors for staging, parking, fines, and delays. Observation Number Five: Not taking action ulti- mately results in a self-fulfilling prophecy. Due to stagnant wages, rising rents, and lack of sufficient savings, the average California worker cannot pur- chase a median-priced home. Outmigration to other states in search of entry- or mid-level jobs coupled with a desire for affordable housing is especially prevalent among Millennials, whose demo- graphic accounts for more than half of the outmigration from the metropol- itan areas in the state. Many large employers continue to shift work to other states where it is easier to find labor and affordable housing. California could become a land of extremes: poor, wealthy, and old. Senate bills 2, 3, and 35 are steps in the right direction but the housing challenges are daunting. 7 (Please Continue To Next Page) Walkable Olson communities provide local residents immediate accessibility to retail, dining and other amenities. Pacific Walk, Westminster 2017_18Pages_OlsonCopy_PortAnniversary 12/22/17 11:30 AM Page 7