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by otterley
500 days ago
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> It’s basically never a financially good idea to build a house in California, since market value will be below construction cost. If that were true, there would be no new construction in California. There is still plenty, although it might not be where you're looking. And much construction isn't happening where you're looking because 1/the land isn't suitable for construction, or 2/zoning rules forbid building housing in such a way that it would be profitable. |
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