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This is a failure of the market. Since builders do not want to build, then the State needs to provide leadership, take control, establish eminent domain, and s
by blackrock 6y ago
This is a failure of the market.
Since builders do not want to build, then the State needs to provide leadership, take control, establish eminent domain, and send in the army, to build government backed buildings. Then rent these out to people that need them, at affordable rates.
The sacred market, is ultimately what is killing the quality of life in California.
- anonuser123456 6y ago> Since builders do not want to build, Show me a builder that doesn’t want to build, and I’ll show you a city planning department that makes it impossible to do so. Builders are like any business. They want a margin. If they can’t make a margin, they don’t build. The only way government can build cheaper than a builder is to bypass its own regulatory morass. At which point one might ask, why not just let the builders operate on the same rule set.
- blackrock 6y agoThis is true. California has such stupid over-regulations, such as requiring solar panels, on all new housing, at a cost of about $30,000, that gets footed by the consumer. And this is on top of already expensive housing! All these regulations increase the cost of building, and decreases the builder’s profit margin. The only solution here, is to roll back these burdensome regulations and environmental review policies.
- jasonboyd 6y agoMy wife works in home building in the bay area. I can assure you that home builders want to build homes. The inability to construct new homes in the bay area is almost entirely due to objections from local commissioners and planning councils.