I hope that CA does not follow the UK down the path of absolutely fucking insane policies to try to hide the utterly insane state of their housing market(s). T

I hope that CA does not follow the UK down the path of absolutely fucking insane policies to try to hide the utterly insane state of their housing market(s). The UK has policies like this (utilized by my niece to buy an apartment in London): buy 60$, rent 40% ... since you're only buying 60%, the downpayment requirements drop, so more people qualify. But wait, won't they have to pay rent as well as the mortgage? Why yes, they will indeed. But doesn't that mean that their monthly payments are still essentially unsound, as they would have been if they had bought 100% ? It certainly does, which is why this plan requires government backing to exist in the first place.