07/23/2026
London's experience demonstrates how housing development regulations can prevent needed growth, driving up prices and preventing cultures from flourishing, such as be lowering birthrates and causing economic stagnation. California, which has seen local control of housing development increasingly impeded by Sacramento, is experiencing similar issues as excessive enviromental regulations drive up housing development costs. The result has been a net out-migration from the state, with a comensurate fall in the tax base.
Home construction in the U.K. capital is nearing a standstill, with ground broken on just 4,170 housing units in 2024-25. The knock-on effects are far-reaching.