Many cities in California have severe land-use laws and ordinances, which effectively take off the market large amounts of land for residential or commercial construction. If the demand for housing increases in these cities without any increase in the stock of housing or commercial buildings then what is the likely impact that this will have on home prices and commercial structures? How might this affect where corporations choose to locate factories?

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The Answer of Many cities in California have severe land-use laws and ordinances, which effectively take off the market large amounts of land for residential or commercial construction. If the demand for housing increases in these cities without any increase in the stock of housing or commercial buildings then what is the likely impact that this will have on home prices and commercial structures? How might this affect where corporations choose to locate factories?

Many Cities in California Have Severe Land-Use Laws and Ordinances