The cost of an average home in California is about $870,000. To afford a mortgage that includes taxes and insurance on such a home, a household would need an income exceeding $250,000 per year. However, the average household income in California is only $136,000. Some say prices or interest rates must drop, but others argue low supply will keep prices high. Our guest, Curt Pringle—former mayor of Anaheim and California Assembly Speaker—has spent decades observing issues with the state’s construction code.