Delete comment from: Captain Capitalism
Jaimeroberto:
Explain to me why you think it is hard to get a development approved in California. I really don't know the process.
It didn't seem so hard to get approval in the Central Valley and the East Bay. Are permits locally controlled or are there state restrictions?
Given that California derives a significant amount of revenue from property taxes, I don't believe they would stand in the way of development.
Housing starts and permits were at record highs in 2005.
It would seem prudent to have some sort of coordination mechanism for developers to prevent overbuilding, similar to cap-and-trade for emissions.
What you say is certainly true for the capacity constrained urban areas like San Francisco. The city rigidly controls permits. I don't think Antioch, Modesto, or Fresno did.
Jan 7, 2009, 6:07:00 AM
Posted to The Pie Chart of Blame