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We can just build more housing. Landlords and home owners in California are addicted to their continuously rising property values. To the point where there was
by joecot 4y ago
We can just build more housing. Landlords and home owners in California are addicted to their continuously rising property values. To the point where there was a thing called a "California Refi" where people would just refinance their house once a year to take more cash out because the property value would have gone up another 50k.
Many Californians acknowledge that there needs to be more housing built, but many of them are also NIMBYs who don't want multi-family housing built in their areas, because it'd lower their personal property value if there was more housing available.
- namecheapTA 4y agoWhy does there need to be more housing built in an already dense area? People have moved for thousands of years to areas where they were more easily able to afford to buy or build a home. My parents moved from basically a 3rd world country to the US, not speaking the language, with about $200 in 1988. They already had me as a child to deal with too. Now a college grad doesn't want to move to another part of the US to afford a cheap house?