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Real Estate News & Current Events
HomeForumsReal Estate News & Current EventsReal Developers Leaving California
Reese Shulman's profile image
Reese Shulman's profile image
Reese Shulman
Property Manager
Agent
  • Real Estate Consultant / MBA
  • from Redwood City, CA
  • Member since May 17, 2024
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Reese Shulman's profile image
Reese Shulman's profile image
Reese Shulman
Property Manager
Agent
  • Real Estate Consultant / MBA
  • from Redwood City, CA
  • Member since May 17, 2024
Connect
Reese Shulman
Property Manager
Agent
  • Real Estate Consultant / MBA
  • Redwood City, CA
2
Votes |
10
Posts
Real Estate News & Current Events

Real Developers Leaving California

Reese Shulman
Property Manager
Agent
  • Real Estate Consultant / MBA
  • Redwood City, CA
Posted Jul 27 2024, 18:30

Real estate developers are removing their operations from California. Two contributing factors are high construction costs and regulations that make obtaining a construction permit difficult.

California already has a large housing shortage. If developers do not build additional housing units it is likely we will see rents increase on much older and likely inferior housing compared to what developers would have built.

Major Housing Developer Pulls Out Of California

PMI Redwood Realty, DRE 02226866
Contact
PMI Redwood Realty, DRE 02226866 Logo
San Francisco, California
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