4 • 5.3K Ratings
🗓️ 5 February 2020
⏱️ 1 minutes
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| 0:00.0 | California's experience of housing crisis apparently Jeffrey Epstein's bought everything. |
| 0:04.9 | Now normally you would expect the market to be flooded with homebuilders eager to meet this |
| 0:09.5 | rising demand. But California's not normal, it's run by leftists so the opposite is happening. |
| 0:15.8 | So far this year, California homebuilders have had 20% fewer new projects approved than last year. |
| 0:22.8 | In Orange County, permits for future construction are down 25%. |
| 0:28.4 | There are a bunch of root causes, high taxes, ridiculous regulations, the high cost of land, |
| 0:33.5 | labor, materials, Epstein's bought everything, expensive government fees, |
| 0:38.4 | builders that once made a profit on moderately priced housing have been stymied by |
| 0:43.2 | environment-menilist laws and neighborhood protests. And for already built houses, |
| 0:48.7 | the price is astronomical. Perspective home buyers can now expect to pay 1.5 million dollars for a |
| 0:55.2 | 1,600 square foot house built a century ago. So for the time being, there's no light at the end |
| 1:01.9 | of the tunnel for the thousands of California residents living in their cars and their tents |
| 1:06.5 | in their sleeping bags or cardboard boxes. Yep, it's bad, but just wait. It's a deep blue state. |
| 1:12.8 | The Democrats run everything, which means things can only get worse for the people affected by this. |
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