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Everyone who’s long CA real estate can bank it because the government is doing its best to ensure that no new housing gets built. Gg “environmentalist” Sierra
by mslate 8y ago
Everyone who’s long CA real estate can bank it because the government is doing its best to ensure that no new housing gets built.
Gg “environmentalist” Sierra Club.
FTA specifically larger housing developers have been preparing for this for years—along with the solar lobby. So dumb, CA deserves to go bankrupt and be overrun by homelessness.
- prostoalex 8y agoIt's perpetual employment for Sacramento though. Step 1: Lobby for legislation that slaps an extra $30-40k on top of every newly constructed unit. Step 2: Lament about the lack of affordable housing, conduct exhaustive studies to pin down the reasons.
- alacombe 8y agoGovernment's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. -- Ronald Reagan
- dmode 8y agoI thought about that. But recently evaluated panels on my 3000sqft home and the cost was $16k. Assuming that average installations are for less capacity, an average of $10k increase would probably not impact new house construction. Especially since the cost is offset by low energy payments and increase in home value.
- alacombe 8y agoIncrease is home value is not always desirable, especially if you are tight securing a mortgage. With higher interest rate, this is going to be a no-no real soon.