Supply and Demand: CA might not know it, but the laws of economics have not been repealed.
As I write about in my latest OC Register column, there is no mystery as to why CA housing prices continue to raise. CA policy makers are to Balme. For instance,
“Marin County was trying to reduce its “ecological footprint” by making it nearly impossible to build most types of housing. I noted that 84 percent of the county’s land already was set aside as open space. By contrast, Brown was suing San Bernardino County because it was permitting too many suburban-style developments. The state has only doubled down on these kinds of policies in the years since.”