If we had functioning government, this could possibly work.
Instead, in the current national regime, it has a tendency to ossify current laws. Most legislation can only pass when the stars align (one party has house/senate/president), so even fine legislation would regularly ‘expire’ and not get renewed.
Business planning is also thrown by self destructing legislation. A stable regulatory regime allows businesses to invest appropriately and optimally. Changing regulations more often (via expiring laws that might or might not renew) will necessarily introduce inefficiency.
> Instead, in the current national regime, it has a tendency to ossify current laws
Housing is hyper-local. And California (or all the places with housing crises for that matter) tend to have a de-facto one-party government. So it has nothing to do with national regime or aligning stars. Voters just don't want affordable housing.
Instead, in the current national regime, it has a tendency to ossify current laws. Most legislation can only pass when the stars align (one party has house/senate/president), so even fine legislation would regularly ‘expire’ and not get renewed.
Business planning is also thrown by self destructing legislation. A stable regulatory regime allows businesses to invest appropriately and optimally. Changing regulations more often (via expiring laws that might or might not renew) will necessarily introduce inefficiency.