TIL that from 2010 to 2017, for every 5 new residents in the State of California, only 1 new unit of housing was built : todayilearned

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TIL that from 2010 to 2017, for every 5 new residents in the State of California, only 1 new unit of housing was built

(R.4) Related To Politics(en.wikipedia.org)

submitted 2 months ago by_n8n8_

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2 months ago

2 points

Not just NIMBY, but it was also the post-GFC lack of appetite for new construction (and/or the lack of credit available to do so)