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Trumpís China tariffs are driving up the cost of new homes in California by $20,000
Sacramento Bee ^ | September 05, 2019 | Kate Irby

Posted on 09/05/2019 6:10:57 AM PDT by artichokegrower

President Donald Trump’s tariffs have created the “perfect storm” at the wrong moment for the housing industry, California builders say.

The California Building Industry Association estimates tariffs have driven up the cost of an average-size new home by $20,000 to $30,000.

(Excerpt) Read more at sacbee.com ...


TOPICS: Culture/Society; US: California
KEYWORDS: construction; trumptrade
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Dan Dunmoyer, president of the California Building Industry Association, said increasing the cost of $500,000 home in the state by even $10,000 would price out thousands of families.


Half a million for a home and it is constructed out of Chinese crap. Go figure.

1 posted on 09/05/2019 6:10:57 AM PDT by artichokegrower
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To: artichokegrower

bullshit. the cost of homes in CA is astronomical (and have been for over a decade) because the environmentalists have nearly shut down new construction.

supply and demand. and supply is frozen.


2 posted on 09/05/2019 6:12:31 AM PDT by JohnBrowdie
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To: artichokegrower

Cool statistic, now tell me how much the environmental and legal regulations have driven up costs of a California home to comply with the outrageous regulations imposed by the state and local bureaucrats.


3 posted on 09/05/2019 6:12:55 AM PDT by King_Corey (Buy American - https://madeinamericastore.com/)
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To: artichokegrower

LOL!....what is Democrat governance doing to the cost of living in California though?


4 posted on 09/05/2019 6:13:15 AM PDT by Bishop_Malachi (Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
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To: artichokegrower

Supplies are dynamic not static. If they cost more then somebody will undercut them.


5 posted on 09/05/2019 6:15:01 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: artichokegrower

So? Lower taxes. How come that never enters any discussion regarding higher prices?


6 posted on 09/05/2019 6:15:58 AM PDT by mindburglar (Stupid is supposed to hurt. - Lurkers Granddad.)
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To: artichokegrower
tariffs have driven up the cost

That is the whole point of them, that and revenue generation.

7 posted on 09/05/2019 6:17:08 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: artichokegrower

No, the owner or builder will have to eat most or all of the extra cost. Just because something costs more, doesn’t mean people will necessarily pay more.


8 posted on 09/05/2019 6:19:33 AM PDT by Concentrate (ex-texan was right and Always Right was wrong, which is why we lost the election. Podesta the molest)
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To: artichokegrower

In 2020, solar panels will be mandated for most new home construction.

Where do they come from?

I see a lot of local construction, maybe trying to beat the deadline.


9 posted on 09/05/2019 6:22:37 AM PDT by Scrambler Bob (This is not /s. It is just as viable as any MSM, maybe more so!)
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To: artichokegrower

The high cost of housing has more to do with Government Fees and Permissions than anything else.

Feb 2018, begin process to get Building Permits to construct a New Home on MY Land

September 2019 and $80,000m Later I have a Grading Permit

Another $20,000-$30,00 and I will have Building Permit next month.


10 posted on 09/05/2019 6:22:51 AM PDT by eyeamok
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To: artichokegrower

20-30k on a multi bazzilion dollar house.

HMMM. Math is hard.


11 posted on 09/05/2019 6:23:53 AM PDT by Delta 21 (Be strong & prosper, be weak & die! Stay true.... ~~ Donald J. Trump)
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To: artichokegrower

I guess home prices in California just to went up since Trump started this?

The cunning of this man!


12 posted on 09/05/2019 6:24:21 AM PDT by Magnatron
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To: eyeamok

“Feb 2018, begin process to get Building Permits to construct a New Home on MY Land”

What makes you think it’s your land?

L


13 posted on 09/05/2019 6:25:06 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Scrambler Bob

Cardboard box on the roof full of empty painted beer cans.

Vio-la. Solar power !!!


14 posted on 09/05/2019 6:25:37 AM PDT by Delta 21 (Be strong & prosper, be weak & die! Stay true.... ~~ Donald J. Trump)
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To: artichokegrower

BS.


15 posted on 09/05/2019 6:25:52 AM PDT by kabar
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To: Delta 21

Math is hard. For a 10% import tariff to increase construction material costs by $10,000 then the total amount of imported construction material would have to be $100,000. I find that really hard to believe.


16 posted on 09/05/2019 6:28:24 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: artichokegrower

High taxes, high fees, to many regulations all pump up the cost of new housing. Allowing illegals to flood the state pump up cost of rental housing.


17 posted on 09/05/2019 6:30:17 AM PDT by jetson
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To: artichokegrower

Half a million for a home and it is constructed out of Chinese crap.

Apparently the Chinese drywall disaster did not teach them anything??

Between 2004 and 2007, an estimated 100,000 homes in more than 20 states were built with toxic drywall imported from China.

https://www.npr.org/templates/story/story.php?storyId=114182073


18 posted on 09/05/2019 6:30:31 AM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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To: artichokegrower

We’ve seen the shacks that sell for a million bucks on the TV reno shows. Pres. Trump shouldn’t be blamed for the obscene housing prices in CA. But why should he care about CA anyway?


19 posted on 09/05/2019 6:30:34 AM PDT by txrefugee
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Comment #20 Removed by Moderator


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