121–130 of 325 posts
"Dumping ground" implies other places did this to CA, which isn't substantiated by the article. As it says, the vast majority of CA homeless are from within the state. In the cities of CA, as in other rich cities, homelessness and high housing prices come from the same problem: prohibitive regulations on housing construction.
Earlier quoted context omitted.
I'm the author. It's really not mostly mental health problems. I've studied this issue for years. I write about homelessness on Street Life Solutions. I try to write about housing and community development stuff elsewhere, like Eclogiselle.com and https://projectsro.blogspot.com/ . This post wasn't intended to be some opus solving everything. I wanted to make one point: California's extreme homeless problem is not so…
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> Rather than asking "Who can we blame?" maybe we could start asking "How do we fix it?" Nobody talks about the hard truth: The homeownership rate in California is ~55% and therefore over half of Californians are heavily incentivized to keep the housing crisis going. For existing homeowners this isn't a crisis, it's a free paper money bonanza. Just by living in their houses home "owners" (most are heavily leveraged)…
55% is one of the lowest home ownership rates in the country. If high levels of home ownership drive policies that prohibit new construction and drive up prices, how is it that places like Minnesota, with a home ownership rate in the mid-70s, are so cheap to live in?
"Dumping ground" implies other places did this to CA, which isn't substantiated by the article. As it says, the vast majority of CA homeless are from within the state. In the cities of CA, as in other rich cities, homelessness and high housing prices come from the same problem: prohibitive regulations on housing construction.
“The bay” has a particularly close proximity to cheap money for reasons so numerous they deserve their own book.
> Rather than asking "Who can we blame?" maybe we could start asking "How do we fix it?" Nobody talks about the hard truth: The homeownership rate in California is ~55% and therefore over half of Californians are heavily incentivized to keep the housing crisis going. For existing homeowners this isn't a crisis, it's a free paper money bonanza. Just by living in their houses home "owners" (most are heavily leveraged)…
You are assuming that having low income housing somehow impacts the price of higher end housing, and I am not sure that this is true. Would a person with a million dollar house be hurt if we built 100,000 more million dollar houses? Yes. Would that same homeowner be hurt if we built 100,000 cheap rental apartments? It certainly doesn't seem like it. However much property values fall due to less people looking for low…
Of course they would. Million dollar houses in many parts of the country are so insanely expensive not because they’re luxury goods; they’re expensive because supply is so constrained that even mediocre houses are extremely scarce relative to demand. People buying million dollar houses in e.g. the Bay Area know that their house is not particularly fancy, relative to other houses (that often sell for much less in other parts of the country).
As an analogy, consider cars in communist countries. Russian Ladas and East German Trabants were objectively horrible cars, but they cost several years’ average salary because supply was so scarce.
Introduce millions of even cheaper cars into the aforementioned communist countries and the prices of Ladas/Trabants would plummet. Likewise, introduce thousands of low income units into the Bay Area and the price of what used to be starter homes that now go for a million dollars would plummet.
> Rather than asking "Who can we blame?" maybe we could start asking "How do we fix it?" Nobody talks about the hard truth: The homeownership rate in California is ~55% and therefore over half of Californians are heavily incentivized to keep the housing crisis going. For existing homeowners this isn't a crisis, it's a free paper money bonanza. Just by living in their houses home "owners" (most are heavily leveraged)…
I don't think housing prices are an issue. one part of the homeless are mentally ill. This is a very hard problem and I don't think anyone has the answers for yet, but its not home prices. Another major group of the homeless is drug addicts. Again, home prices isn't going to change that. I think its very rare someone goes homeless because their rent went up. if they can't afford it, they usually move. I'll get down-v…
It's also worth keeping in mind that drug addictions and mental health issues can arise from homelessness rather than cause it.
¹https://www.lahsa.org/news?article=726-2020-greater-los-ange...
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Besides HELOCs, what are you referring to? A HELOC is just a tool for getting lower interest rates on another loan, which only would make you wealthier if you happened to invest it in some other appreciating asset with an extremely high ROI.
A HELOC is, literally, a line of credit. You can do anything you want with that money: start a business, go to college, buy bitcoin, buy another property, etc.
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We can’t solve mental illness with more quarter million dollar condos. I don’t know why this is still being peddled.
Housing First policies are a huge boon to helping people out of homelessness who are dealing with mental illness. What you derisively call "quarter million dollar condos" are of course helpful for this. It is either from directly housing the currently homeless with mental illness in these homes. And if these homes do not directly house the homeless, new additional homes, where people's rent goes towards construction…
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Things are changing, as the entrenched interests die from old age. Last year, Prop 15 nearly eliminated the Prop 13 for commercial properties. That this was even within 10% points of passing is such a huge change as to be unthinkable. 15 years ago I would rant about Prop 13 and get nothing but hate from others for my position. These days I'm as likely to find somebody ranting about the evils of Prop 13 as I am to ini…
Hope springs eternal in California, but unfortunately water does not.
When you talk about California water crisis, you are talking about California Agribusiness water crisis. Yes, the farms in the Central Valley will eventually eat themselves like Easter Island once they drain the aquifer completely.