[quote=The-Shoveler] . . . If and when the home building starts to get going in earnest in SoCal I think you will see the net inflow go up quite dramatically. . . . [/quote]
Finally, someone other than me addressed this “elephant in the room” on this forum :=0
Frankly, most CA coastal counties with a population of over 1M have already run out of land for tract building. And some inland counties have as well (or are coming very close to it).
As far as I am concerned, the state or existing residents are not obligated to provide these “newcomers” with new construction to live in.
They can buy or rent resale and if they don’t like what’s on offer for the price, then not accept a job here. It’s that simple.
Native Californians and other longtime residents are sick of hearing the, “If we build, they will come” mantra. We have the longest post-office lines in the nation, even with more post offices than any other state in the nation :=0
Many of our streets are full of potholes and it now takes over 45 minutes for a 20-mile commute during rush hour for many, many workers.
CA doesn’t “need” any more people. We no longer have the amount of state and local government and court system workers to serve the residents we have in a timely manner. Not even in the rural areas. Rampant tract construction over the last ~20 years has ruined CA’s environment and destroyed our watershed.
If the greedy leaders of CA’s counties and cities haven’t learned their lesson yet about approving new CFD’s with abandon and handing out mass subdivision permits, they should carefully examine how Vallejo, Stockton and San Bernardino got into the financial messes they’re in before deciding to roll in the sheets with another Big Developer. These environment-rapists can take their biz elsewhere. How about trying to get the gubment folks in Montana or Idaho to let them build in the middle of all their flora and fauna :=D.
CA is done. In spite of the “dearth of (listed) inventory” to buy, it is there.