The Antiplanner has the photos. No, it’s not in California. It’s in Sydney, Australia. I guess housing prices there are just as ridiculous as in California.
You’d think there is plenty of room for new housing in Australia. But then, you’d think the same would be true in California. The Antiplanner’s point is that housing prices are higher than they would be otherwise because of government constraints that artificially restrict the supply of housing. I think he could be right.
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