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by twblalock
1205 days ago
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Construction costs are a much bigger deal than NIMBYism or anything else anyone has mentioned so far. We had easily affordable housing in California, including in Silicon Valley, until probably the 1990s. NIMBYism and property taxes (including Prop 13) have existed since the 1970s at least, zoning hasn't changed much since then, and geographical constraints are eternal. We also didn't have a Georgist land-value tax or any other nonsense; housing was affordable without all that stuff. So why was housing cheaper then? Well, consider the case of a friend of mine who recently built an ADU and was told it had to have solar panels because of a new state law. At least $25-30k is added to the cost of any residential construction just because of that one thing. That is only one of the many things that new buildings need that were not required in the past. When you try to provide housing to other people the government makes you suffer for it. We are regulating ourselves into this corner. Quite a lot of the building codes have nothing to do with safety or habitability. |
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Parking requirements are a big cost I've read.