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High housing prices are the result of a housing shortage. The shortage is the result of government zoning, regulation, and slow-walking building permits.

(Apparently California has only issued 4 permits so far for people to rebuild after the fires.)




Which worth comparing to Texas where building is allowed.

Texas's population has also gone from ~20M in 2000 to ~30M today.

With no zoning a place like Houston has shown what can be done by encouraging building.

Austin recently has also done well with allowing more building.


Luxuries are cheap and getting cheaper. Basic necessities like housing are increasingly expensive. That's where most of the inequality is being felt by people.

That's why we're in this predicament.




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