4 ms·
This is very anti-progressive and economically idiotic. If landlords can't handle owning without rent, there is a very simple solution: SELL. All housing is ve
by aiisahik 5y ago
This is very anti-progressive and economically idiotic. If landlords can't handle owning without rent, there is a very simple solution: SELL.
All housing is very inflated right now so it is highly unlikely that their equity is under water.
The result of this action is to prop up asset prices and continue to make housing unaffordable for everyone in CA. The only way housing becomes more affordable in CA is to reduce the price of housing - aka reduce asset prices. This doesn't help.