Nine of the 15 most expensive metropolitan areas in the United States are in California, and one major reason for this is the state's overregulation problem. The California Code of Regulations contains more than 21 million words, and the residential housing subsection alone has nearly 24,000 restrictions. While some rules make sense, like
internationally accepted safety requirements and seismic standards, the state's aggressive environmental and energy standards contribute to staggering construction costs and higher house prices. Allowing more housing, especially in-demand multifamily housing, would promote energy efficiency, as apartment-dwelling families on average use less than half the energy to heat and cool their homes than single-family home dwellers.
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