3 ms·
yeah. i especially agree with the fact that the people who buy these huge homes don't have big families. their families are the same size as the folks down the
by HillaryBriss 9y ago
yeah. i especially agree with the fact that the people who buy these huge homes don't have big families. their families are the same size as the folks down the street in a house with 1/3 the square footage.
in Los Angeles, city government keeps on approving these extremely large homes without even requiring rooftop solar panels -- houses with not just one but TWO air conditioning condensers -- because ... uh ... wait, why?
because they save energy per capita? no.
because they will house more people than the single family homes they replaced? no.
because large homes are basically high capacity production assets which empower the city to be even more globally competitive (like a state-of-the-art rechargeable-battery factory, a digital movie production facility, a high-tech startup office, etc)? no.
AFAIK, we just have a distorted capital market. Federal government policies support home loans and the ownership society. there's also a local shortage of other viable ways for investors to make a quick $500,000 profit.
also, it's a nice boost to the property tax base.