Housing Prices Going Up In California
At least for new ones, and it won't be a case of market forces driving them up.
As of January 1, the Modesto Bee reports, all new homes in California must be built with fire sprinkler systems. That's expected to increase home prices by thousands of dollars.
New home buyers, of course, won't be any better off then than they are now. They'll be taking a big hit, adding insult to injury. This likely won't work out well for anyone, except plumbers and sprinkler system suppliers.