California real estate rises without bound, making other attempts to shore up wages moot. It all goes to property owners. The state is one giant property owners

California real estate rises without bound, making other attempts to shore up wages moot. It all goes to property owners. The state is one giant property owners cartel. Cartel is explicit— Cali homeowners do a lot to try to limit production to keep prices high. It’s one reason I no longer live there. The only rational move is to leave.