Why Is It So Expensive To Build A Home In California? Developer Fees Could Be One Reason

Source: Cap Radio, by Chris Nichols

The residential “impact fees” that local governments charge developers are one reason it’s so expensive to build a home in California. They’re not only costly, they’re also unpredictable, lack transparency and can threaten a project’s viability, according to a new state-commissioned study by UC Berkeley’s Terner Center for Housing Innovation.