Why Condo Construction Has Stalled in CA š¢
Strict liability laws and defect rules make developers hesitant to build entry-level condos, favoring rentals instead.
ā¢ Entry-Level Shortage: Minimal new starter condo inventory statewide.
ā¢ High Legal Risks: Defect rules push builders toward rental apartments.
ā¢ Reform Efforts: Lawmakers are exploring fixes to encourage starter homes.
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