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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 h
by 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 agoYes 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...