And those who live in those 1960s homes complain the most about “overbuilding” today!https://mobile.twitter.com/nextdoorsv/status/1047559489849839617 …
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And those who live in those 1960s homes complain the most about “overbuilding” today!https://mobile.twitter.com/nextdoorsv/status/1047559489849839617 …
On the spot, it’s simple math. Supply is
and demand is
gives us higher prices and shortages of housing.
That works with land as well. If one builds where supply is ↑, then the cost goes ↓. If we think all of the additional housing needs to happen within 10 miles of the ocean, cost goes ↑ because land supply is scarce.
California population is increasing 1% per year. So we don't need many more units built.
1% of 40 million is 400,000 , and we only build 80,000 units a year... How does that make sense to you?
"Buy land, they're not making it anymore."
California laws have increasingly made it harder to house and employ people, to the benefit of corporate interests which have the money and connections to overcome barriers. #smallbusiness
Then why are big corporations leaving CA?
Thank you for your presentation at #cbh yesterday. Very informative.
Those are compelling, easy-to-understand data points. Thx.
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