"Buy land, they are not making it anymore."

Mark Twain

May I add buy prime land like coastal California. You can always count on the politicians + residents to be voting for more regulations to limit supply. How do I know? I'm from California & invest their. A good call so far. https://twitter.com/sfchronicle/status/1318387574214459393

With the government inept, local & national, & with lock-downs introduced as gov couldn't prevent a pandemic & shuts down local economic activities, people INVEST more in real estate as it's the only place they can control.

But if you think humans are rational, u're wrong.

While the land & property owners are rational & lobby properly & the politicians act accordingly with adding more regulations to limit access to lower supply & raise prices, the people NOT owning property CONSISTENTLY ACT AGAINST THEIR OWN INTERESTS.

Watch how millennials vote.

Do you think they will vote to be AGAINST regulations such as zoning, random environmental laws like mandatory solar, etc TO HELP W/ ACCESS & LOWER COSTS OF PRODUCTION OF HOUSING?

No. They focus on abstract issues & tinker at the margin like rent control while prices rise.

Only 1/3 of Californians can afford the median house price. The poverty rate is the highest in the country. Yet, Californians are proud thinking they are the beacon of society in the US & the moral anchor as they are pro whatever trendy things to value signal w/ rampant poverty.

Focus on local policy, esp state. Forget the presidential election unless u live in swing states. The 2016 election was decided by about 75k votes in swing states. As a Californian, look at the propositions. Vote down all regulations on housing. I voted No for most of the props.