Real estate in California is expensive. That much I’m guessing you knew already. What you may not know is how much of this trend is driven by factors other than lots of people wanting to live by the beach. In this installment of the Eureka podcast from the Hoover Institution, I talk to Hoover research fellows Carson Bruno and Bill Whalen about how much of that premium results from conscious decisions by California policymakers rather than market forces. It’s an eye-opening discussion about how the policy preferences of gentry liberals can put the squeeze to the middle and lower classes. If you live in California — or any other state that’s becoming more restrictive when it comes to development — you’ll want to listen to this cautionary tale about the ultimate costs.