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Updated 7 months ago on . Most recent reply

Reese Shulman's profile image
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Reese Shulman
  • 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
  • Real Estate Consultant / MBA
  • from Redwood City, CA
  • Member since May 17, 2024
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Reese Shulman
  • Real Estate Consultant / MBA
  • Redwood City, CA
2
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14
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Real Estate News & Current Events

Real Developers Leaving California

Reese Shulman
  • Real Estate Consultant / MBA
  • Redwood City, CA
Posted

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

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PMI Redwood Realty, DRE 02226866
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San Francisco, California
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Bruce Woodruff's profile image
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Bruce Woodruff
  • #3 All Forums Contributor
  • Contractor/Investor/Consultant
  • from West Valley Phoenix
  • Member since Apr 11, 2021
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Bruce Woodruff's profile image
Bruce Woodruff's profile image
Bruce Woodruff
  • #3 All Forums Contributor
  • Contractor/Investor/Consultant
  • from West Valley Phoenix
  • Member since Apr 11, 2021
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,753
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11,791
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

It's why ~1000 people a day are leaving or have left.....

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