1
00:00:00,080 --> 00:00:05,640
Speaker 1: California's experience a housing crisis. Apparently Jeffrey Epstein's bought everything. Now. Normally,

2
00:00:05,680 --> 00:00:08,000
Speaker 1: you would expect the market to be flooded with home

3
00:00:08,080 --> 00:00:11,959
Speaker 1: builders eager to meet this rising demand. But California is

4
00:00:12,000 --> 00:00:15,840
Speaker 1: not normal. It's run by leftists, so the opposite is happening.

5
00:00:15,880 --> 00:00:19,639
Speaker 1: So far this year, California home builders have had twenty

6
00:00:19,760 --> 00:00:24,360
Speaker 1: percent fewer new projects approved than last year. In Orange County,

7
00:00:24,400 --> 00:00:29,000
Speaker 1: permits for future construction are down. There are a bunch

8
00:00:29,000 --> 00:00:32,560
Speaker 1: of root causes. High taxes, ridiculous regulations, the high cost

9
00:00:32,640 --> 00:00:38,080
Speaker 1: of land, labor, materials, Epstein's bought everything, expensive government fees.

10
00:00:38,479 --> 00:00:41,960
Speaker 1: Builders that once made a profit on moderately priced housing

11
00:00:42,000 --> 00:00:47,199
Speaker 1: have been stymied by environmentalist laws and neighborhood protests, and

12
00:00:47,280 --> 00:00:51,800
Speaker 1: for already built houses, the prices astronomical perspective. Home buyers

13
00:00:51,800 --> 00:00:54,520
Speaker 1: can now expect to pay one and a half million

14
00:00:54,520 --> 00:00:58,600
Speaker 1: dollars for a sixteen hundred square foot house built a

15
00:00:58,760 --> 00:01:01,560
Speaker 1: century ago. So for the time being, there's no light

16
00:01:01,600 --> 00:01:03,280
Speaker 1: at the end of the tunnel for the thousands of

17
00:01:03,280 --> 00:01:06,640
Speaker 1: California residents living in their cars, in their tents, in

18
00:01:06,720 --> 00:01:10,319
Speaker 1: their sleeping bags or cardboard boxes. Yep it's bad, but

19
00:01:10,440 --> 00:01:14,440
Speaker 1: just wait. It's a deep blue state. The Democrats run everything,

20
00:01:14,800 --> 00:01:18,000
Speaker 1: which means things can only get worse for the people

21
00:01:18,040 --> 00:01:18,800
Speaker 1: affected by this