Cals low income housing plan failed

There is no incentive for developers to build excess housing in order to make it more affordable. That was Cratic’s suggestion.

There are virtual ghost towns where real estate booms failed, much less doing it on purpose…

1 Like

Sure, I do… It’s just like any other commodity. If your side understood the economics of real estate development, why is housing not affordable in Cal?..

They don’t get togeher and plot. Unless they can buy politicians as an org.

Did they plot the crash?

What’s your solution?

The illegals are driving the costs of apartments sky high imo. Put a dozen or so in one apartment and they can afford it.

Makes the higher prices tough on just a family trying to rent.

That totally makes sense what with New York facing insane overdevelopment. Government is partially causing the sf homeless problem but not for the reasons you list

Blaming the wrong end of the economic spectrum.

Yep… the steady march of condos has been happening for a while in NYC.

It hasn’t lowered housing costs one bit.

It is almost like the people who live and work in NYC aren’t the ones buying them all up or something.

Not at all. Send the illegals home and a great deal of housing opens up for real citizens.

Especially in California. Probably not a problem in NY.

Have any data on this?

1 Like

That’s part of it too. Many recent immigrant are willing to live with multi generations, and also workers will pack houses to keep personal rents down. 100 years ago progressives thought that kind of housing density was immoral. Passed tons of laws to stop it. Now, they don’t remember 100 years ago. And don’t enforce their own laws.

And govt subsidy increases prices. The price of anything will rise to the willingness of the buyer to pay. Govt is willing to pay almost any amount, so they subsidize inflation of the housing market. Making the subsidy themselves self defeating. That’s one reason socialism makes people poorer…

Your remedies have all been tried in Cal. It has failed…

Great post. :+1:

Illegals are driving up the cost of housing in ca? Any data on this?

1 Like

Don’t need data… it just sounds right… or something.

Those are anti tenement laws. They exist for a reason.

The lack of logic here is astounding…

In his post he claims illegals are piling into a single home for generations… which would means that they cannot buy multiple homes.

Buying more of something, than what’s available, lowers supply and increases demand… which drives up pricing…

How are illegals who pile into a single home… driving up the cost of housing?!

Yes… the Cal homeless crisis…

It’s not just illegals, but from just your own memory you should be able to see that the rise in illegal and mass legal migration over the past 30 years correlates perfectly with the housing crisis and homeless crisis in Cal.

Not to mention Cal moving to a one party system…

That’s a statement, not data.

How do homeless drive up the cost of housing in California?

They don’t, they are a victim of rising rents.