How’s the excessive regulation pushed by your beloved Dems over the past 30-40 years working out in blue states regarding housing affordability?
The biggest reason for rising prices is intrusive government.
Regulations now account for almost a quarter of the cost of a new home.
“The permitting process in most American cities is so convoluted it can take months, sometimes even years, to get simple permits,” said Slivinski.
One California project, for example, took 22 years — just to get approvals.
“You can’t meet the market demand if you are taking 22 years to bring a community to market,” a builder in Sacramento complains.
“$93,000 a house, just for the privilege to build the house!”