There were thousans of empty foreclosed properties available at prices below construction cost circa 2009...
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...state failed to capitalize on the opportunity, so private capital did.
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Are there estimates of how much of the difference between CA's and the US's poverty is due to housing costs?
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Much of that is CA self inflicted via housing approval rationing...
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Since the demand is there but not the supply, what do you think is the primary culprit for underbuilding?
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