Thomas Sowell has written about the CA real estate market and how zoning laws really crank up the cost of housing in the greater SF area.
People are upset with Bloomberg for looking to make the zoning more lenient in NYC so smaller apartments can be built. I believe the average cost of a 1-bedroom rental in Manhattan is now over $3,000 a month.
wow.. I have .33 acres of land, a 1700 square foot home AND 20 feet of lake front on a 1800 acre lake and I pay 1/3 of that.
And my payments end... Rent just goes on and on and on (and up!)