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A comment on California's future depends on how leaders rebuild after the Los Angeles fires. Parent comment

Re:California's future depends on how leaders rebuild after ... by bilbo0s on Thursday January 16, 2025 @01:06PM (#42728668)
Those apartments would all cost more than 3k a month. Putting up high rises in LA is expensive. (Earthquakes, fires, etc). So there is zero motivation for developers to not get the maximum amount of rent possible for a given square footage.

No one has explained why a given developer should rent for less than 3K when they could easily rent the same space fo 4K? Is the government providing an incentive covering the shortfall?

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Re:California's future depends on how leaders rebuild after ... by lavelganzu on Thursday January 16, 2025 @02:17PM (#42729623)
Build enough housing & prices go down. It's worked everywhere it has been tried, and it'll work in LA, too.
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