Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 month ago

Why is California expensive for living if there is a lot of land to build upon?

12 Answers

Relevance
  • 1 month ago

    Considering that a quarter of the land in California is desert, no one wants to build there or live there. The amount of land where the land and climate is suitable for creating towns and cities is pretty much already built upon.

    Thus, with little room to grow housing, combined with a demand for more housing, prices go up on the simple principle of supply and demand.

  • 1 month ago

    Demand and current supply of housing.

  • Anonymous
    1 month ago

    Supply & demand. Lots of people want to live there apparently. Plus, jobs pay more.

    Whereas, Mississippi, you don't have that problem.

  • nanu
    Lv 5
    1 month ago

    People want to live there. It is the law of supply and demand.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 month ago

    The land is not where people want to be. There's very little open land near the ocean. There's plenty of open desert.

  • 1 month ago

    Having a lot of land doesn't mean people want to live where the land is. Think about it another way. If you work in San Francisco, having land to build up on 60 miles away doesn't help you. At all. You'll be in the car longer than you're at work. You probably want to live at least somewhat close to work so your commute doesn't suck. You know who else feels that way? Every other person working in San Francisco.

    Affordable homes do exist in California. Bakersfield, Chico, Clovis, and other areas located more in-land/further from the coast have way cheaper homes. But that doesn't really help if you work in Palo Alto or LA. Location, location, location.

  • Anonymous
    1 month ago

    Rent control that now will prevent more housing from being built. It will be worse now.

  • 1 month ago

    Because there's not a lot of land where the jobs are. Most of the land is too far away.

  • 1 month ago

    Supply and demand economics. Having land to build upon further from city centers doesn't mean there is a demand to have it developed. There is a point where the commute to work becomes too far, making all housing at that point and progressively closer, in higher demand.

  • 1 month ago

    Democrats and extreme regulation for property development.

Still have questions? Get your answers by asking now.