Global warming, human-caused climate change!

[dfrecore]

The housing crisis of expensive housing is created with high regulations and builders are afraid to build and the ones that do build, their costs are high so it's passed on to the buyers.

1.  There is no housing crisis. There is a market for housing that is doing EXACTLY what it was led to do since the end of World War II. And it’s not political. Republicans and Democrats both wanted houses to steadily increase in value—to provide a vehicle for invisible wealth creation. It has worked perfectly. Now, the chickens are simply coming home to roost.

In CA, they overburden builders with ridiculous regulations, and then consumers are screwed.  ALL new homes in CA are required to have solar panels, adding $10k to the cost.  But multiply that by all the other things they have to include, and the costs just mount.  That's in addition to the time factor: it takes many more months to get approval to build in CA than almost anywhere else in the US, and that's if you don't get sued.  In 2015, it was estimated that the impact fees were $23k - more than triple the cost in other states.  That was before the solar mandate, so now it's $33k, right off the bat.

The reason there's a housing crisis NOW is due to the fact that people are moving like crazy, as many are no longer tied to a job in a specific city; if your job became an online job during Covid and is going to stay that way, you can now move anywhere in the country (or even in the world).  So the housing markets are shifting, and due to Covid, there are major slowdowns in building (we are building now, our house is scheduled to be finished next month, we are one of those families that fled CA for greener pastures last year).  Add to that people feeling like there's going to be inflation, so they're buying now before prices or interest rates go WAY up...and so there's a housing crisis in many places.