California’s bankrupt house industry, crippled by government


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Link here. I can’t quote anything because I’d have to quote the entire article, filled as it is with endless nuggets describing how California’s liberal government policies have made its housing industry unaffordable and dysfunctional. Worse, the solutions proposed by that state’s legislature appear generally to be more of the same, higher taxes, more regulation, and increased restrictions on where and when anyone can build.

As the first commenter at the link says, “Think the Soviet Union.” For California’s future I think Venezuela.

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