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by yojo
1205 days ago
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If we had functioning government, this could possibly work. Instead, in the current national regime, it has a tendency to ossify current laws. Most legislation can only pass when the stars align (one party has house/senate/president), so even fine legislation would regularly ‘expire’ and not get renewed. Business planning is also thrown by self destructing legislation. A stable regulatory regime allows businesses to invest appropriately and optimally. Changing regulations more often (via expiring laws that might or might not renew) will necessarily introduce inefficiency. |
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Housing is hyper-local. And California (or all the places with housing crises for that matter) tend to have a de-facto one-party government. So it has nothing to do with national regime or aligning stars. Voters just don't want affordable housing.