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Economics is the real blue tsunami

DifferentDrummr said:
You obviously did, because you're pretending above that supply and demand doesn't exist.
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How so? When everything I was talking about was supply & demand.
 
jdog21 said:
How so? When everything I was talking about was supply & demand.
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Everything? Far from it.

You totally ignored the number of people who want to rent apartments or buy houses in a particular area, compared to the number of available units. That alone overwhelms any effect a regulation might have on price.

Besides, taxes have absolutely nothing to do with supply or with demand. Tobacco is taxed heavily, but it doesn't shrink the demand at all.
 
DifferentDrummr said:
Everything? Far from it.

You totally ignored the number of people who want to rent apartments or buy houses in a particular area, compared to the number of available units. That alone overwhelms any effect a regulation might have on price.

Besides, taxes have absolutely nothing to do with supply or with demand. Tobacco is taxed heavily, but it doesn't shrink the demand at all.
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Housing is a supply in demand issue as well a plays a big role in cost of living. I didn't ignore it, its apart of my other statements. People are leaving CA and NY and moving to places like TX and FL, a main factor is in NY and CA the ratio of rent or buying a house compared to their wages is much higher there then in TX or FL. You have to look at why that is. CA & NY have huge populations centers but are still comparable to TX and FL. In states like CA they arnt building enough homes to meet the need of the population growth, but places like TX have been. Why is a long topic but to be short CA has made its regulatory fees very high at every stage of the process and taxes that the state has also adds to the increase cost of the build. So when an apartment complex or a single family is built, the builder has to sell there home for a higher price to make the same amount of profit as they would in Texas. This leads to companies to slow down there productions of units in areas where the market is not favorable and ramp up in areas that are. If CA were to reduce its takes and remove a lot of their regulations the builders can build more homes (supply), which can bring down the costs of the homes. Regulations in places like CA reduce the size of companies and the amount of the companies their are within their geographical location. The less companies there are the more likely a builder can max their market without deflating it.
https://www.probuilder.com/blog/impact-regulations-home-building
 
jdog21 said:
Housing is a supply in demand issue as well a plays a big role in cost of living. I didn't ignore it, its apart of my other statements. People are leaving CA and NY and moving to places like TX and FL, a main factor is in NY and CA the ratio of rent or buying a house compared to their wages is much higher there then in TX or FL. You have to look at why that is. CA & NY have huge populations centers but are still comparable to TX and FL. In states like CA they arnt building enough homes to meet the need of the population growth, but places like TX have been. Why is a long topic but to be short CA has made its regulatory fees very high at every stage of the process and taxes that the state has also adds to the increase cost of the build. So when an apartment complex or a single family is built, the builder has to sell there home for a higher price to make the same amount of profit as they would in Texas. This leads to companies to slow down there productions of units in areas where the market is not favorable and ramp up in areas that are. If CA were to reduce its takes and remove a lot of their regulations the builders can build more homes (supply), which can bring down the costs of the homes. Regulations in places like CA reduce the size of companies and the amount of the companies their are within their geographical location. The less companies there are the more likely a builder can max their market without deflating it.
https://www.probuilder.com/blog/impact-regulations-home-building
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Red: Getting rid of regulations in California will not produce the scenario you envision, for at least two reasons.

First, more people want to live in California than to live in Texas or Florida, partly for the weather and partly for the total number of jobs.
The second reason is geography. Texas and Florida are mostly flat, and building has no limits on that kind of land. California is full of steep mountains and tectonic plate faults.

Blue: That statement is totally at odds with reality.

If building regulation in California actually "reduced the size of companies," how could four companies like Facebook, Apple, Netflix, and Google all have huge campuses within a few miles of one another?
 
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