Hmmm, wonder why somebody doesn’t just build more?
Building is through the roof in CA. Or art least in LA where I am. Single family homes, condos and apartment buildings are going up like crazy!
Even Frogtown, which is right next to Chavez Ravine which was ravaged to build Dodger Stadium, is booming! Frogtown was all Mexican, kinda tumbledown shacks ... low, low prices, is now going thru the roof! New condos everywhere. Trendy European coffee houses.
I’m an LA native, 70 years old and I have never seen more construction. Oh, and downtown LA is also growing by leaps and bounds .... businesses booming! Real estate in LA is always lucrative ... but now it’s gold.
No place to build. The EnviroNuts are pushing Agenda 21 (now Agenda 2030) for High Density housing and mass transit.
All of the open land has been regulated to the point of being off limits for building, with some minor exceptions.
You should see the local fights going on over the last couple of trailer parks left.... <$200K buy-in if you are really lucky.
Wonder why somebody doesn’t just build more? The answer is zoning laws and environmental regulations, geography and collapsing infrastructure that makes a couple mile trip an hour long ordeal.
No room. Every square foot of Bay Area land is built on or “greenbelted” with no more building. Plenty of room to build out in the Central Valley, which is why houses in Sacramento cost about a quarter what they do 80 miles away in the Bay Area.
The gov’t wants high prices because of taxes. The tree huggers want people stacked up together and not spread out in mother gaia land.