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California property owners, developers and affordable housing advocates are scoring a big win from the US Supreme Court! The high court ruled that local \u201cimpact fees\u201d imposed on newly constructed homes can be challenged in court. This is a significant win for property rights because these fees can add a substantial amount of money onto the price of a home. \xa0 The case began with a lawsuit by George Sheetz in California\u2019s El Dorado County. That\u2019s in the foothills heading toward Lake Tahoe. Sheetz is a 72-year-old retiree who applied for a permit in 2016 to build an 18-hundred square foot manufactured home on a small lot that is zoned for residential use. The county then imposed a traffic mitigation fee or \u201cimpact fee\u201d of $23,420... \xa0 ...That\u2019s it for this episode. You\u2019ll find links to our source material in the show notes at newsforinvestors.com. I\u2019d also like to invite you to attend our live RealWealth event in San Francisco on May 4th. We will be showcasing six property teams who provide rental properties in markets with strong job and population growth and are more affordable for investors. We will also be hosting a cocktail party in the evening so you can meet fellow investors and members of the RealWealth team. You\u2019ll find information on tickets at newsforinvestors.com under the Connect tab and then Live Events. \xa0 And please remember to become a member of RealWealth and subscribe to this podcast if you haven\u2019t already! \xa0 Thanks for listening! Kathy \xa0 Links: \xa0 1 - https://therealdeal.com/la/2024/04/15/supreme-court-builders-can-challenge-california-impact-fees-2/ \xa0 2 -\xa0 https://www.nahb.org/blog/2024/04/sheetz-ruling-supreme-court-impact-fees \xa0 3 - https://www.car.org/aboutus/mediacenter/newsreleases/2024-News-Releases/4qtr2023hai#:~:text=Fifteen%20percent%20of%20California%20households,percent%20in%20fourth%2Dquarter%202022.