Quote:
Originally Posted by dimondpark
The federal government is just sitting there as prices across the country are soaring? It was cute when it was just the rich areas of the Bay Area because they could afford it, but now it's spread to literally every corner of the region, and the rest of the country is facing a crisis.
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The federal government has few tools to address what is a mostly state and local issue. The feds can't make local governments loosen land-use restrictions that are keeping housing supplies well below the demand. Now, most states can to various degrees, but look at how SB 50 fared in California, or how state-level environmental review laws encumber development.
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