3 ms·
The many bad laws and policies in coastal cities (mandating single-family houses with large lots and subsidized parking) are also in place in most other cities
by jseliger 7y ago
The many bad laws and policies in coastal cities (mandating single-family houses with large lots and subsidized parking) are also in place in most other cities that have been remained relatively affordable through low demand. But as coastal cities squeeze people out, those same policies are going to have similar effects.
- Gibbon1 7y agoI'm unsure it's that simple, since none of those policies are recent enough to explain why housing starts have been below the historical trend for ten years. Excessively low property taxes in California likely doesn't help, but doesn't explain the high prices in other coastal cities.