- Reaction score
- 7,487
It's due to increased demand. Caused by an increase in job growth. Very simple. Political parties had nothing to do with it.The point is as soon as Democrats started strangling new housing construction prices skyrocketed and we went from dirt cheap homes to SFH being a luxury. It is all due to over regulation depressing supply.East Coasters and Midwesterners invaded California. Prices skyrocketed thanks to speculators and developers. Now the state is crowded and overpriced. It's not a political issue. It's an issue of BOTH parties selling out to developers and banksters. There were lots of CONS in the legislature in the 70s and 80s. Come on. Raygun was the guv of CA.
Nice try with the spin, tho.
It is true, demand has been going up, the problem causing the giant mismatch between demand and supply is the restrictions on building anything. The regulations which prevent construction of higher density apartments. It is the endless regulations which make a single bedroom apartment in public housing $575,000 to build where as a similar apartment at market rate in other states only costs about $75,000 to build. Demand keeps growing but supply has been severely restricted for 40 years and that is why prices have gone through the roof.