Anecdotally, the biggest driver I've seen in California is the large pushback against multifamily housing and large apartment buildings. In many of the hot real

Anecdotally, the biggest driver I've seen in California is the large pushback against multifamily housing and large apartment buildings. In many of the hot real estate markets they would be able to get so much more value out of a parcel with these larger buildings but are forbidden to build them per zoning regulations.