If housing is so expensive why the hell aren't they building more?
Lumber(or brick) doesn't cost more in California.
It's not a lack of capital. Interest rates are extremely low thanks to the fed.
It can't be a lack of labor. I personally know several carpenters and electricians who would happy to work in California for 6 months building apartments. I don't think my experience is that unusual.
Incredible building regulations. Trying to build anything in SF is a giant clusterfuck. Propose anything over 4 stories outside of Fidi/SOMA? People will complain that its "blocking light" or "out of character", or that it blocks their legally unprotected views. Propose too much parking? Pro transit people get mad. Propose too little parking? People with cars will get mad about the increased competition for street spots. It goes on and on...
Comments
If housing is so expensive why the hell aren't they building more?
Lumber(or brick) doesn't cost more in California.
It's not a lack of capital. Interest rates are extremely low thanks to the fed.
It can't be a lack of labor. I personally know several carpenters and electricians who would happy to work in California for 6 months building apartments. I don't think my experience is that unusual.
What is going on?
Incredible building regulations. Trying to build anything in SF is a giant clusterfuck. Propose anything over 4 stories outside of Fidi/SOMA? People will complain that its "blocking light" or "out of character", or that it blocks their legally unprotected views. Propose too much parking? Pro transit people get mad. Propose too little parking? People with cars will get mad about the increased competition for street spots. It goes on and on...