You either have to pay people enough to afford a mortgage in the area, or you watch all your manual laborers move to the big cities.
You either have to pay people enough to afford a mortgage in the area, or you watch all your manual laborers move to the big cities.
I believe the author mentions that there was a proposed large apartment building (250 ish units) that could, presumably, have alleviated some of the demand but that it was voted down by nimby types to avoid CB “becoming aurora”
I’d think then that it’s less so the market preventing building than it is voters and activist home owners
Being able to buy whatever you want for whatever price works for you and the seller sounds quite a bit like a "free market" to me.
|+-- incorporated municipality
Federal -> state -> county -+
|+-- unincorporated land
In the case of an incorporated municipality, the people who live there have a political process to make decisions about planning/zoning/construction, but these (in general) cannot override the rules from the county, state and federal levels.In the case of unincorporated land, the county makes the rules, and so these are controlled by a political process involving the entire population of the county, rather than just those who live on a particular piece of land (because "there is no there, there"). Again, the county generally cannot override rules from the state and federal level.
In general, the state doesn't really set planning rules that affect specific placement of things. There may be environmental and health regulations that would prevent X being built in a particular location, but the state doesn't normally control whether single family only zoning (as an example) should be used in a given neighborhood - that's up to the incorporated municipality to decide.
The federal level really doesn't set any planning rules other than high level environmental and health regulations.
Residential development isn’t a free market. The locals control who gets to build what. And very few locals want their single family home in the shadow of a new mid-arose condo.
Indeed, if it was legal to build it would have been done already.