I'm from Texas, and I don't understand the stigma against developers building more housing. It drives down prices, and increases competition. Why would California citizens ever be against this?
Edit: The reason is because homeowners are competing with developers, so their own asset depreciates when supply increases. I was just thinking from the perspective of renters.
Edit: The reason is because homeowners are competing with developers, so their own asset depreciates when supply increases. I was just thinking from the perspective of renters.