Cost of living is a problem throughout the country, but it’s off the charts in California. Why? Because of our obscenely high housing costs, driven by a massive housing shortage.
We make it way, way too hard to build new homes & that needs to change. 🧵
We make it way, way too hard to build new homes & that needs to change. 🧵
Comments
Rapid overbuilding of dense housing is not a solution. It will set in motion a repeat of the horrific L.A. Fires.
poor urban planning means lack of housing, then you’d be right
Also LA fires had nothing to do with density. New housing is actually more fire resistant than old housing.
Wouldn’t families who can’t survive w/o food stamps use vouchers?
Building public housing is great and 100% should be done, but there is a huge role in building more market-rate housing too; the newer stock typically drives the older luxury stock into the middle-income affordable range.
I will never oppose building low income housing. But empirically, the most effective way to lower rents is to build public *and* market housing, both.
I’m happy to see lots of public housing built. Public housing ownership is the ideal.
But you still need market rate growth above the poverty line—cities & states do have budget constraints. How can you build public housing if you price your tax base out of the community?
I’m advancing 3 bills to build more homes more quickly:
We can build new homes all the live long day, but if there is no power, water, waste sites, etc., there is no point.
I think though when people say this they really usually just mean parking and traffic
SB 677: Improves existing housing permit streamlining laws & makes our duplex/fourplex law easier to implement
SB 336: Property tax abatement for middle income/workforce housing
Can you address this issue? This is a valid point of debate.
Where is your evidence? Happy to discuss instead of assuming you're just someone who has an opinion without facts/research.
(Love you too, Sen Weiner!)
Hedge fund companies drive prices up.
Do something about -that-.
Because zoning and other restrictive policies make it such a great investment.
Also there’s undeniably a CA shortage in the millions
Life, liberty, and the pursuit of happiness are a lot more in reach when housing is affordable.
If they sell at high prices, great profit, which is often reinvested.
I actually don’t care if my landlord is a hedge fund or a mom and pop, either.
Zoning has nothing to do with housing developments constantly going in SoCal and Nevada.
Zoning has nothing to do with wages unable to keep up.
The only way to fit in the city both the priced-out people and the existing people is to build more homes.
I see tons of homes -not- occupied.
You should take the time to learn about how she thought about solving the housing crisis and applying her strategies now to California and beyond.
https://en.m.wikipedia.org/wiki/Catherine_Bauer_Wurster
And it allows for long term carbon storage in the buildings.
No human necessity should be an investment vehicle, but if one HAS to be then at least let it behave like any other investment.
Property owners will have to be willing to eat the loss.
I think that is possible but special interests are in the way.
https://bendyimby.com/2024/04/16/the-hearing-and-the-housing-shortage/
Building reform: Ministerial approval for modular houses. Mass-timer housing. Single-stair buildings. Bungalow courts. No 10-yr condo warranty.
Land value tax: end land speculation