Seems like a pretty immediate solution for housing and rental shortages. I was just talking to a A developer who mentioned that it costs so much to build in LA

Seems like a pretty immediate solution for housing and rental shortages. I was just talking to a A developer who mentioned that it costs so much to build in LA&OC California that it only makes sense to target the high end/luxury segment with new construction - at least for single-family homes. IDK what the economics for new-construction of apartments is like, but I have to image its similar. Certainly more constructive than Governor Newsom suing Huntington. ref: https://abc7.com/society/gov-newsom-suing-huntington-beach-over-lack-of-low-income-housing/5107431/ https://abc7.com/society/gov-newsom-suing-huntington-beach-o...