I also know the construction industry well. You can glue tile to the floor, or screw cabinets to a wall, and own your own home pretty quickly.
If mechanics and slightly skilled manual labors can own homes in California, is there really a problem?
I also know the construction industry well. You can glue tile to the floor, or screw cabinets to a wall, and own your own home pretty quickly.
If mechanics and slightly skilled manual labors can own homes in California, is there really a problem?
But also 10% of GDP doesn't mean 10% of citizens are employed in those industries. Likely it is less than 10% of the population.
I think your anecdotes do not generalize to the population.
People that are less fortunate are going to start getting investment together to buy raw land, build a house and sell it for upwards of the salary of an AI developer at Google.
This is something people can get started on literally tomorrow.
I don't think the economics work out here for the "less fortunate" because there is a certain minimum threshold of time-plus-money necessary to start this process, and I think without detailed planning provisions it will end up as worse-than-useless sprawl, but it's something to build on, if you'll excuse the pun.
You can live in a structure which is not certified as meeting the code's requirements. But selling it would be hard.
Houses in California cost more than a Google AI developer's salary because you have to know more than a Google AI developer to build them.
Everyone needs shelter but society needs people who are not mechanics.
And we're not even talking about shelter. We're talking about owning a piece of the earth and having dozens of other humans build you a shelter, and then letting you sell it one day. Making other humans build you a home probably isn't going to ever be so cheap that everyone could just buy their own. That's why people live with family or friends or work to learn skills beyond minimum wage.
You need land to construct a home on in the first place, and land prices have exploded over the last decades fueled by insane amounts of cheap dumb investment capital.