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Is it succeeding in lowering housing costs? What is the net impact on quality of life?
by catiopatio 4y ago
Is it succeeding in lowering housing costs? What is the net impact on quality of life?
- mullingitover 4y ago> Is it succeeding in lowering housing costs? Give it time, there's a lot of long-term damage to the housing market and this is just a baby step in the right direction. > What is the net impact on quality of life? Well hopefully when this thing really gets rolling, quality of life might improve for the 25% of renters in the state who are paying over 50% of their income in rent and utilities.
- catiopatio 4y agoWill you be open to reconsidering your base premise if/when this experiment fails to produce the intended outcome?
- mullingitover 4y agoSure, if California builds the roughly 1 million units of housing it’s missing and people are still suffering extreme rent burdens I’ll be willing to eat my words.
- ideamotor 4y agoThis is a joke, right?
- dragonwriter 4y ago> Is it succeeding in lowering housing costs? Not yet. The first wave of developments is now in the pipeline, not yet built.