WEBVTT - Rush Limbaugh Feb 05, 2020 0:00:00.080 --> 0:00:05.680 California's experience a housing crisis. Apparently Jeffrey Epstein's bought everything. Now. Normally, 0:00:05.720 --> 0:00:08.039 you would expect the market to be flooded with home 0:00:08.080 --> 0:00:12.000 builders eager to meet this rising demand. But California is 0:00:12.000 --> 0:00:15.840 not normal. It's run by leftists, so the opposite is happening. 0:00:15.920 --> 0:00:20.160 So far this year, California homebuilders have had twenty percent 0:00:20.400 --> 0:00:24.079 fewer new projects approved than last year. In Orange County, 0:00:24.440 --> 0:00:29.040 permits for future construction are down. There are a bunch 0:00:29.040 --> 0:00:32.560 of root causes. High taxes, ridiculous regulations, the high cost 0:00:32.640 --> 0:00:38.080 of land, labor, materials, Epstein's bought everything, expensive government fees. 0:00:38.520 --> 0:00:42.000 Builders that once made a profit on moderately priced housing 0:00:42.040 --> 0:00:47.239 have been stymied by environmentalist laws and neighborhood protests, and 0:00:47.320 --> 0:00:51.800 for already built houses, the prices astronomical perspective. Home buyers 0:00:51.840 --> 0:00:54.520 can now expect to pay one and a half million 0:00:54.560 --> 0:00:58.640 dollars for a sixteen hundred square foot house built a 0:00:58.800 --> 0:01:01.560 century ago. So for the time being, there's no light 0:01:01.600 --> 0:01:03.280 at the end of the tunnel for the thousands of 0:01:03.320 --> 0:01:06.679 California residents living in their cars, in their tents, in 0:01:06.760 --> 0:01:10.319 their sleeping bags or cardboard boxes. Yep it's bad, but 0:01:10.440 --> 0:01:14.480 just wait. It's a deep blue state. The Democrats run everything, 0:01:14.840 --> 0:01:18.000 which means things can only get worse for the people 0:01:18.040 --> 0:01:18.800 affected by this