Why Does It Cost So Much to Build Housing in California?

The San Francisco Bay Area is infamous for its desperately expensive housing market, and a recent study identified the region as the most costly place in the world to build an apartment. But why? What are the myriad factors that combine to impose such a financial burden on the construction, renting and purchasing of homes? Explore potential solutions with experts who have spent a tremendous amount of time grappling with this daunting challenge.