another interesting area: regulations on building which drive the costs upward. case in point: Los Angeles requires that new construction include parking for a

another interesting area: regulations on building which drive the costs upward. case in point: Los Angeles requires that new construction include parking for a certain number of cars per housing unit. usually this means placing the new building on top of a subterranean parking structure, which costs a lot more than a building on a normal foundation. and new construction must also include a certain amount of outdoor space per unit which also reduces the number of units which can be built into a given lot. all of this overhead is passed along to new tenants/buyers.