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L.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sell
(www.latimes.com)
this post was submitted on 09 Jun 2024
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You mean like safety regulations? I hear this same shit from sales all the time complaining about factory of safety in design. “I told the customer it would only be $X, and now it’s so much more!”
No
No, and...?
I'm genuinely interested in how government involvement increases the cost. I honestly don't know. Like, is it dealing with zoning and permitting? I hope my good-faith intent is coming through here, I'm not just trying to bait an argument.
Sure, if you are actually interested I can give you some basic examples. Lets take a look at some of the site details for a new build. Need to remove X yards of dirt - may require an engineer report. Ever see 100 yards of sidewalk/curb/gutter in the middle of no where - city requriement that will add $15k just for the concrete, let alone what you would need for retaining walls if there is a slope. If there is a mild slope to the lot - may need a different engineering report. Big developement - they will require land set aside that cant be developed for a wide varieties of things.