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RE: LeoThread 2025-12-14 13-22

in LeoFinance27 days ago

Part 8/10:

California’s notoriously stringent permitting processes pose a significant obstacle to rapid development. While some developers, such as San Diego’s New Point Communities, have already started construction on multiple lots, many others face delays due to red tape.

One major concern is affordability. Given the costs involved—buying lots at around $700,000 and spending approximately $1 million on construction—homes are likely to sell for at least $2 million, which limits options for medium- and lower-income families. This raises questions about how to balance rebuilding efforts with broader community needs, including affordable housing initiatives.