How about an alternative idea. The cost of housing is insane. Prop 13 protects those that were able to buy a home when prices were cheaper, but it screws over

How about an alternative idea. The cost of housing is insane. Prop 13 protects those that were able to buy a home when prices were cheaper, but it screws over the future generations. Is this fair? How about the state pays the remainder of housing costs, after a basic commitment amount is met? Say, a person buys a house. He should be responsible for the first 20 years of payments, which is based on a percentage of his net earnings, like 35% to 40%. If he stays there for 20 years, and completes the mortgage program, then the house is his. The government will pay the difference, and close out the loan. He will need to continue to pay the property tax to live there, but that’s now like a cheap rent. The unit must be his primary residence. He cannot rent it out for 20 years. He can transfer it to an immediate offspring or spouse, like a child or wife, upon his death. I chose 20 years, because this is a long enough time to make a commitment to a location, without being forced to work for 30 years to pay off the loan. And a 35-40% of net, so that he isn’t house poor. So he can start the program when he is 25 years old, and by the time he is 45 years old, then the house/apartment/condo is his. This now would tie the price of housing to the price of median pay, instead of some arbitrary market rate. The short sighted thing that politicians fail to see with the housing crisis, is that it destroys the future fabric of American society. People get priced out of housing markets, and cannot raise a family, because everything is just too expensive. We need a different way to look at things. The current method is flawed, and has outlived its usefulness.