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But this is what almost every other economy around the world dreams about -- a large amount of new highly-paid workers increasing the tax base and dumping bucke
by aclimatt 7y ago
But this is what almost every other economy around the world dreams about -- a large amount of new highly-paid workers increasing the tax base and dumping buckets of money into the economy. Municipality after municipality has tried to create such an environment (Amazon HQ2 being a great example), and in almost all other municipalities, developers would absolutely jump at the opportunity to build housing and other infrastructure to accommodate this new industry (and profit).
And in most other locations with land and/or lax building policies, this isn't a problem. This is a feature. But in California (and NYC to some extent too, back to the HQ2 example), developers can't soak up the demand. There's no land left, and upzoning isn't an option.
So yes, it IS California's fault. The money is there -- the article being the most absurd example of it, but the land use policies aren't. Free up the land, let people build up, and you'll have 5x the housing in a matter of years.
California can't even build an In-N-Out, let alone multi-story dense housing.
https://reason.com/2019/11/01/california-nimbys-sue-to-stop-in-n-out-burger-from-coming-to-their-town/ https://reason.com/2019/11/01/california-nimbys-sue-to-stop-...