Re:Why California is so expensive: It’s not just the weather...
by jseliger on Tuesday July 19, 2016 @05:24PM
(#12125036)
I don't get why this is surprising. The goal of nearly all of these regulations is, effectively, to prevent housing from being built
People don't understand basic economics and like blaming everyone from transplants to foreigners to "greedy" developers to the rich to the poor to outsider corporations. The power of denial and ignorance is real. It leads people like me to write pieces like this: http://jakeseliger.com/2015/09/24/do-millennials-have-a-futu..., but education is slow and always a step behind instinct.
People who already own property are also incentivized to prevent more units from being developed.
People don't understand basic economics and like blaming everyone from transplants to foreigners to "greedy" developers to the rich to the poor to outsider corporations. The power of denial and ignorance is real. It leads people like me to write pieces like this: http://jakeseliger.com/2015/09/24/do-millennials-have-a-futu..., but education is slow and always a step behind instinct.
People who already own property are also incentivized to prevent more units from being developed.