Housing is not considered a long-term investment because demolition and new construction is easy.
Housing is not considered a long-term investment because demolition and new construction is easy.
I'd love to see a sociologist's analysis of the ring of fire, though. If anyone knows of someone who isn't just talking out their butt (like me), please drop a rec
Like lawns! Like California is the completely wrong state for lawns.
https://upload.wikimedia.org/wikipedia/commons/6/6c/K%C3%B6p...
http://ponce.sdsu.edu/california_average_annual_precipitatio...
https://gisgeography.com/us-precipitation-map/
A cursory google search suggests that grass lawns need the equivalent of 1" of rain per week. Very few people live in the parts of California that get 50+ inches per year, which was the original point. Grass lawns are entirely unsuited to the parts of California where almost everyone lives.
Starting your housing stock from near zero must mean you favor getting something simple done quick.
There's no central heat, but that's because it's wasteful. Each room has one or more air conditioners (which are heat pumps). I heat (or cool) whichever room I'm currently in, and don't need to waste energy on the entire residence.
I think it's a bit of both, it's not viewed as as much of an investment therefore zoning laws are lax, which mean that housing can't become an investment because anyone can build (up to) anything on a lot.