Quote:
Originally Posted by pj3000
If anything, this will stimulate construction.
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Nope. A combination of state and local housing regulations, NIMBYism, factors that cause "X" project to drag on from inception to completion make it a very hostile environment for building a development. Just the permitting process alone is a hassle. And fees upon fees. Legislation that supports the community and further encourages NIMBYism. Caps, limits, it goes on. Extremely high property taxes...
Its why Cali has a housing crisis and not enough units are being built...