All the gold in California is in a bank in the middle of Beverly hills in somebody else’s name.
The “locations” where construction is allowed have been systematically limited more and more over the years, until there is really very little buildable land left anywhere in coastal California.
Got to protect the environment, you know.
Regulation has gotten so micro-oriented, that in order to build a “new” house on a property with an existing structure, the tear-down must leave an existing wall, three new walls may be constructed, and finished out for habitation, then the one remaining “old” wall may be torn out and replaced. If there is a complete tear-down, no new construction may be undertaken. Ever.
Does not seem to be a very economical way to renew a property.
I like that song. Massachusetts has very similar rules.