How did an entire state price itself out of the market for entry-level home buyers?
Did you know that CA has the highest building impact fees in the nation? In some areas, building impact fees can add up to $50,000 on the cost of building a home? A builder in Chico notes that impact fees are almost 20% of costs. This article provides an interesting view of home ownership and the price of housing in California. Click below for the full article.