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Because it drives down prices and increases competition. California gets exactly what it functionally wants, not what some people say they want.
by twiceaday 7y ago
Because it drives down prices and increases competition. California gets exactly what it functionally wants, not what some people say they want.
- kelnos 7y agoYup, and this is what saddens me the most. I'm closing next week in SF on my first ever home purchase (after renting for 10 years here, and 6 years prior elsewhere in the Bay Area). Sure, I would like for it to be worth more (outpacing inflation) in 10, 20, or 30 years. But I am not buying a lifestyle, or a guarantee of value increase, or a neighborhood frozen in time at this point forever. I'm buying some floors, walls, and ceilings. I'm buying into a community that I know needs to grow and change if it's to survive and flourish.