California's strict and bureaucratic land-use regulation has driven the price of developable land through the roof
Can regulations alone add a few hundred thousand to price of land? What about supply being smaller than demand? If Cal. regulations are so expensive, what is the price in the interiors of the state – El Centro, Needles, Bakersfield, Kettleman City, Fresno, Visalia etc., Do they all have $500K and up homes?
