5 ms·

They will do literally anything but build housing. I mean this might help a little bit but if demand exceeds supply it won't help much.

by api 2y ago

smcin 2y ago
Politicians are merely responding to where the money and power increasingly is: California Apartment Association [commercial landlord lobby group] has given $26.7 million to 936 different filers [politicians] over the last 26 years: look at who's on the payroll: [0]: https://www.followthemoney.org/entity-details?eid=3106&default=contributor https://www.followthemoney.org/entity-details?eid=3106&defau... They even challenge out-of-state rulings (which would ultimately also bubble up to the 9th Circuit Court of Appeals): > 4/2024 The California Apartment Association, in partnership with the San Francisco Apartment Association, today filed an amicus brief urging the U.S. Supreme Court to accept a case challenging the eviction moratorium imposed in the State of Washington. > The case, Gonzales v. Inslee, seeks to declare Washington State’s eviction moratorium an uncompensated government taking. [1]: https://caanet.org/caa-urges-supreme-court-to-review-washingtons-eviction-moratorium/ https://caanet.org/caa-urges-supreme-court-to-review-washing...
- api 2y ago
  Ultimately it's why I left California. If you live there you are subject to a real estate cartel that will extract all your surplus earnings, and they seem to have an absolute lock on power with the help of a ton of useful idiots who buy BS arguments against home construction. There's no rational response but to leave. There's a growing YIMBY movement but at this point the mismatch between supply and demand is so great you'd have to embark on a crash building program to make housing prices sane.
  - smcin 2y ago
    Yes but it's depressing how it only takes a tiny $4.5 million in (direct) political contributions in 2019/2020 election cycle to control the ~$100 billion CA rental industry: Special Investigation: California Apartment Association’s Deep-Pocketed Campaign To Kill Tenant Protections (2021) All in all, in 2019 and 2020: - the CAA Issues Committee made campaign contributions of $534,091 - the CAA Independent Expenditure Committee handed out $1,299,795 - the CAA Housing Solutions Committee delivered $261,675 - the CAA Political Action Committee gave $2,409,976. That’s a grand total of $4,505,537 in campaign cash shelled out all over California by the CAA and real estate industry in 2019 and 2020. https://www.housingisahumanright.org/special-investigation-the-california-apartment-associations-deep-pocketed-campaign-to-kill-tenant-protections/ https://www.housingisahumanright.org/special-investigation-t... Is California Apartment Association the Most Notorious Landlord Group in the State? https://medium.com/yes-on-proposition-21/is-california-apartment-association-the-most-notorious-landlord-group-in-the-state-83614ddc69f5 https://medium.com/yes-on-proposition-21/is-california-apart...

They will do literally anything but build housing. I mean this might help a little bit but if demand exceeds supply it won't help much.

by api 2y ago

They will do literally anything but build housing. I mean this might help a little bit but if demand exceeds supply it won't help much.

smcin 2y ago

Politicians are merely responding to where the money and power increasingly is: California Apartment Association [commercial landlord lobby group] has given $26.7 million to 936 different filers [politicians] over the last 26 years: look at who's on the payroll: [0]: https://www.followthemoney.org/entity-details?eid=3106&default=contributor https://www.followthemoney.org/entity-details?eid=3106&defau... They even challenge out-of-state rulings (which would ultimately also bubble up to the 9th Circuit Court of Appeals): > 4/2024 The California Apartment Association, in partnership with the San Francisco Apartment Association, today filed an amicus brief urging the U.S. Supreme Court to accept a case challenging the eviction moratorium imposed in the State of Washington. > The case, Gonzales v. Inslee, seeks to declare Washington State’s eviction moratorium an uncompensated government taking. [1]: https://caanet.org/caa-urges-supreme-court-to-review-washingtons-eviction-moratorium/ https://caanet.org/caa-urges-supreme-court-to-review-washing...

api 2y ago
Ultimately it's why I left California. If you live there you are subject to a real estate cartel that will extract all your surplus earnings, and they seem to have an absolute lock on power with the help of a ton of useful idiots who buy BS arguments against home construction. There's no rational response but to leave. There's a growing YIMBY movement but at this point the mismatch between supply and demand is so great you'd have to embark on a crash building program to make housing prices sane.
- smcin 2y ago
  Yes but it's depressing how it only takes a tiny $4.5 million in (direct) political contributions in 2019/2020 election cycle to control the ~$100 billion CA rental industry: Special Investigation: California Apartment Association’s Deep-Pocketed Campaign To Kill Tenant Protections (2021) All in all, in 2019 and 2020: - the CAA Issues Committee made campaign contributions of $534,091 - the CAA Independent Expenditure Committee handed out $1,299,795 - the CAA Housing Solutions Committee delivered $261,675 - the CAA Political Action Committee gave $2,409,976. That’s a grand total of $4,505,537 in campaign cash shelled out all over California by the CAA and real estate industry in 2019 and 2020. https://www.housingisahumanright.org/special-investigation-the-california-apartment-associations-deep-pocketed-campaign-to-kill-tenant-protections/ https://www.housingisahumanright.org/special-investigation-t... Is California Apartment Association the Most Notorious Landlord Group in the State? https://medium.com/yes-on-proposition-21/is-california-apartment-association-the-most-notorious-landlord-group-in-the-state-83614ddc69f5 https://medium.com/yes-on-proposition-21/is-california-apart...