Cost Drivers That Are Pushing California Housing Above the National Average
Cost Drivers That Are Pushing California Housing Above the National Average - YouTube California's Housing Crisis: Regulatory Barriers Meet Hard Physical Limits How a Perfect Storm of Policy, Geography, and Climate Change Has Made the American Dream Unattainable for a Generation TL;DR : California's housing shortage stems from both excessive regulation and harsh physical realities. While the state's complex permitting, environmental reviews, and municipal fees add $50,000-$160,000 per home, critics often ignore escalating wildfire insurance costs ($54,000-$186,000 over 30 years), water scarcity requiring $50+ billion in infrastructure, and climate-driven constraints that make 1950s-style suburban expansion impossible. Construction costs run 1.5x-2.3x national averages, homeownership rates have plunged to 55%, and 52% of young adults consider leaving the state. Solutions require both regulatory reform and acceptance that California's future housing must look different ...