Condos Provide Affordable Homeownership, So Why Doesn鈥檛 California Build More of Them?
News / Multifamily condos made up only 3 percent of new housing built in California between 2011 and 2021, compared to 38 percent in Canada. Why? A new report commissioned by the Terner Center for Housing Innovation at UC Berkeley and 黑料传送门identifies a direct consequence of our state鈥檚 construction defect liability laws: the high cost of insurance for condo builders pushes developers to build rental apartments instead of for-sale projects that could create more affordable homeownership opportunities.