The amount of costly red tape you have to deal with just to begin the process of new home construction in California is obscene. Not to mention the ludicrous code requirements like solar. It’s on purpose. They know they’re creating a shortage.
Free markets require significant conceptual intelligence. Price controls lead to shortages every single time.https://twitter.com/Reuters/status/1171958782571819009 …
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Not true. Canadian and European producers of meat and dairy benefit from regulation and price controls. Unregulated capitalism results in a winner take all scenario with all the eggs in one basket
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They also lead to slums, because no one wants to keep up a rental that just loses you money.
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Rent control is bit different...
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only cause more problems in the housing sector, did he cap taxes? water bills, electricity? capping rent without the rest being limited is stealing the buildings from owners.
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Comrades: welcome to the newly created "Popular Democratic Republic of California"!
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Oh that's so stupid! Supply crunch coming right up!
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The Roman Empire since Augustusiam Reforms would disagree
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every single time
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"Free markets" allow corporations to hire millions of cheap foreign workers. This leads to a huge increase in the population and the labor pool. Rent goes up, wages go down, working class is squeezed, CEO's enriched. National Socialism is the only system for a serious country.
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The S&D curve on real estate in CA is ludicrous. Stifling land development while growing industries is inflating the subjective value of property. It's stupid-in-action.
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There won't be shortages for demolition crews.
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You can’t rent a property if it doesn’t cover the mortgage and people who rent usually can’t afford to buy
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