Whenever someone says "image a billion dollars" just remember that amounts to 1000-2000 small apartments at best.
Whenever someone says "image a billion dollars" just remember that amounts to 1000-2000 small apartments at best.
A billion dollars for a thousand apartments is one million per apartment. Even in corrupt, dysfunctional California that's crazy high.
The cost should be a few hundred dollars per square foot to build, plus land cost. Anything over that is overhead California forced on itself.
Don't know if this will work, but Zillow found 285 properties between 475-500k built in 2022 that are houses:
https://www.zillow.com/ca/?searchQueryState=%7B%22pagination...
its time for the California City Development Company to shine. It's already the 3rd largest city in the state so surely they can adequately handle the population growth with current infrastructure.
http://www.desertnews.com/article_7ffe4cb4-fa34-11eb-b387-53...
https://laist.com/news/california-city-podcast-investigation...
Then they are part of the housing problem. You can't have everything - more immigration, cheaper housing, and more restrictions on building.
I wonder if a state can put a “bugger off we’re full” sign on the border?
Is that realistic? I don't know, but it seems clear that any real solution has to be cheaper than what's being spent now.
No, small apartments do not cost $500,000-$1,000,000 to construct in CA. In dense urban cores (whuch are very small parts of even major metro areas) they may cost that much to buy, but that’s not construction costs.
Even if that was true, it would be irrelevant in this context, since we are talking about the cost of a hypothetical program that would be enacted through State law, not private action by developers. And State law can (as demonstrated by things like the builders remedy) suspend or otherwise bypass local administrative barriers.
Short of dissolution the state cannot simply ignore local agencies, as we see with UC vs. Berkeley.
No, short of dissolution, it can also adopt any restriction on or state immunity from local authority it wants. (There are some resrictions that might take a ballot measure rather than just the legislature, but since the hypothetical didn’t limit the methods by which the proposed program would be adopted, that is immaterial.)
> UC vs. Berkeley.
UC, while established by the State, is not coextensive with it and does not independently exercise the full powers of the State.