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- Real Estate Consultant / MBA
- Redwood City, CA
- 2
- Votes |
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Real Developers Leaving California
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.
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Real Estate Agent California (#01847600)
- 650.240.7137
- http://www.pmiredwoodrealty.com
- [email protected]
#1 All Forums Contributor
- Investor
- Virginia
@Reese Shulman
Or continue to see negative net migration that has been the case now for years with California.
#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
- 12,753
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#1 Contractors Contributor
- Contractor/Investor/Consultant
- West Valley Phoenix
It's why ~1000 people a day are leaving or have left.....
#3 Rehabbing & House Flipping Contributor
- Flipper/Rehabber
- California
Quote from @Reese Shulman:Running a business in CA is very challenging.
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.