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I agree with you: the angle of "helping lower income people" is weak and moralistic. That said, the unfairness of single family house subsidies will have treme
by conanbatt 7y ago
I agree with you: the angle of "helping lower income people" is weak and moralistic.
That said, the unfairness of single family house subsidies will have tremendous impact on the long term suitability of the state. CA does have a high homelessness and house poverty problem. San Francisco is already a dump: literal human poop on every street in front of million dollar condos built in the 70's.
Once tech diversifies away from CA they are toast.
- dsfyu404ed 7y ago>That said, the unfairness of single family house subsidies will have tremendous impact on the long term suitability of the state So? Let them crash and burn and serve as an example to the other 49. There will always be some states poorer than others. What's the harm in CA going from the top to the bottom? The only thing that worries me about CA crashing and burning is that the upper and upper middle class who advocated for the public policy that caused the crash and burn may move to other states and enact the same policy before it becomes obvious that their policy is what caused CA's demise.
- conanbatt 7y agoCalifornia residents are right to want to change that course! Renters and land-owners alike, even on antagonistic positions in this topic. I think the core policy issue is not housing though, its taxes. Single family homes pay less taxes than what they consume: building more housing will increase density, but if my model is right, it will expand public spending and keep rents high.
- magduf 7y agoIt won't be CA that goes to the bottom, just the Bay Area. LA and SD and Fresno and even Sacramento don't have the same problems.
- mateo411 7y agoLA and SD also have affordable housing problems. They aren't as pronounced as the Bay Area, but it's still an issue.
- magduf 7y agoEvery metro area in the US has those same affordable housing problems, not just LA and SD. It's only in the Bay Area where it's really ridiculous because they won't build any new construction.