4 ms·
interestingly, a housing subsidy for lower income families has been proposed. the WSJ bills it as 10 billion. The LA times bills it as 1 billion for "the next
by arkis22 4y ago
interestingly, a housing subsidy for lower income families has been proposed.
the WSJ bills it as 10 billion. The LA times bills it as 1 billion for "the next decade". It's all in the phrasing right?
regardless of the phrasing, to me it sounds like free money for homeowners and an anchor on the lower income if property prices dont keep increasing.
https://www.latimes.com/california/story/2022-05-11/new-california-home-buyers-could-soon-get-government-cash-for-down-payment https://www.latimes.com/california/story/2022-05-11/new-cali...
https://www.wsj.com/articles/california-legislative-leader-wants-to-spend-10-billion-to-help-families-buy-homes-11652270401 https://www.wsj.com/articles/california-legislative-leader-w...
- blinded 4y agoCan't help but think this will create more buyers without more supply which will only drive up prices higher.
- qeternity 4y agoIt will, without a doubt. The issue is not demand, it’s supply. But if we increase supply we will be killing the piggy banks of most people. It’s horrible, and will likely end in complete catastrophe in the next 20 years. Until then, BTFD.