4 ms·

Corpo home pillagers deserve everything bad they're getting. Young families need homes. I wish the government would step in and protect something so necessary f

Corpo home pillagers deserve everything bad they're getting. Young families need homes. I wish the government would step in and protect something so necessary for it's citizens.

onlyrealcuzzo 4y ago
> I wish the government would step in and protect something so necessary for it's citizens. You mean like the mortgage interest deduction, 30-year fixed (subsidized) rate, SALT, Prop 13, etc - that actually make the problem worse for new buyers?
- linksnapzz 4y ago
  All those things are great-if you can find a home in a sane price range.
  - vorpalhex 4y ago
    Supply and demand are sort of related.
  - hn_throwaway_99 4y ago
    Not sure if you're being sarcastic. The comment you are responding to is specifically saying that by doing all those things that it makes the nominal prices of homes more expensive. It's basically identical to the idea that by guaranteeing/subsidizing college loans (and disallowing most borrowers from discharging loans in bankruptcy) that the government has been instrumental in the skyrocketing cost of college.
  - colinmhayes 4y ago
    but they're the reason you can't...
    - linksnapzz 4y ago
      No, there doesn't need to be 330 million potential homeowners in the US. That's the problem.
- kevingadd 4y ago
  Prop 13 was voters, not "the government". You realize that, right? Voters amended the constitution to lock in low property taxes for themselves.
  - onlyrealcuzzo 4y ago
    Voters vote in politicians & propositions. Trying to separate "voters" from "government policy" seems like splitting hairs.
    - gadflyinyoureye 4y ago
      The difference is that California allows direct democracy. The props don’t have to have funding attached not long term thinking.
    - kevingadd 4y ago
      There is no government policy involved. It's voter policy, because voters amended the state constitution.
    - heavyset_go 4y ago
      It was a public referendum. CA voters directly voted for or against the proposition on their ballots.

Corpo home pillagers deserve everything bad they're getting. Young families need homes. I wish the government would step in and protect something so necessary for it's citizens.

onlyrealcuzzo 4y ago

> I wish the government would step in and protect something so necessary for it's citizens. You mean like the mortgage interest deduction, 30-year fixed (subsidized) rate, SALT, Prop 13, etc - that actually make the problem worse for new buyers?

linksnapzz 4y ago
All those things are great-if you can find a home in a sane price range.
- vorpalhex 4y ago
  Supply and demand are sort of related.
- hn_throwaway_99 4y ago
  Not sure if you're being sarcastic. The comment you are responding to is specifically saying that by doing all those things that it makes the nominal prices of homes more expensive. It's basically identical to the idea that by guaranteeing/subsidizing college loans (and disallowing most borrowers from discharging loans in bankruptcy) that the government has been instrumental in the skyrocketing cost of college.
- colinmhayes 4y ago
  but they're the reason you can't...
  - linksnapzz 4y ago
    No, there doesn't need to be 330 million potential homeowners in the US. That's the problem.
kevingadd 4y ago
Prop 13 was voters, not "the government". You realize that, right? Voters amended the constitution to lock in low property taxes for themselves.
- onlyrealcuzzo 4y ago
  Voters vote in politicians & propositions. Trying to separate "voters" from "government policy" seems like splitting hairs.
  - gadflyinyoureye 4y ago
    The difference is that California allows direct democracy. The props don’t have to have funding attached not long term thinking.
  - kevingadd 4y ago
    There is no government policy involved. It's voter policy, because voters amended the state constitution.
  - heavyset_go 4y ago
    It was a public referendum. CA voters directly voted for or against the proposition on their ballots.