Isn't this obvious? I thought it is well known that zoning is the biggest problem. Add to the fact that land values in cities are out of control.
For example, I'd like to rebuild my old house, but it doesn't make financial sense to build under 4000sf as I'd be losing out to potential value as well as matching the neighborhood. I can't build a duplex or detached ADU. I don't want to spend 2 million on giant house I can't use.
For example, I'd like to rebuild my old house, but it doesn't make financial sense to build under 4000sf as I'd be losing out to potential value as well as matching the neighborhood. I can't build a duplex or detached ADU. I don't want to spend 2 million on giant house I can't use.