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Old Posted Apr 30, 2019, 9:03 PM
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ozone ozone is offline
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Join Date: May 2004
Location: Sacramento California
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That article was in 2016. There is a lot of flaws in the simplistic argument since the two states are very different, and always have been. Regulation and taxes are not nearly as big of problem as lack of developable land, using the old, outdated post-WII models of economic expansion, has caused the cost of housing and business to increase exorbitantly. Even still, it is the positive economic growth that is exacerbating the problem. If California were to loosen regulation and lower taxes and allowed its remaining open lands to be developed it would only be a matter of time before we are back to same predicament. The problem will only be solved by rethinking (abandoning) the economic model which led us to where were are today. California is just beginning to do this. In some ways, California will have an advantage over Texas. Because it is more constrained by geography, California will be forced to do things differently.
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