California bill to add more housing in single-family neighborhoods blocked
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Re: California bill to add more housing in single-family neighborhoods blocked
#2In cupertino there was a similar drive and a similar movement to stop it.
The slogan for the people against it were saying "Don't turn cupertino into condotino!" There are a lot of condos in cupertino now.
Re: California bill to add more housing in single-family neighborhoods blocked
#3California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators. It seems like a ponzi scheme, even if it's not intentional: people who can't afford to live here move away, and are replaced by wealthier people who can. Eventually we're going to run out of wealthy people and the whole thing will come crashing down.
Re: California bill to add more housing in single-family neighborhoods blocked
#4"We'll do anything to solve the housing crisis!"
"How about building more housing?"
"Anything but that!"
Re: California bill to add more housing in single-family neighborhoods blocked
#5California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators. It seems like a ponzi scheme, even if it's not intentional: people who can't afford to live here move away, and are replaced by wealthier people who can. Eventually we're going to run out of wealthy people and the whole thing will come crashing down.
What does "crashing down" mean, exactly? Do you mean economic development will stall? Then that would imply that home prices will decline and/or people will start leaving the state. If so, then that's the market at work, solving the problem without government intervention.
Re: California bill to add more housing in single-family neighborhoods blocked
#6[deleted]
Re: California bill to add more housing in single-family neighborhoods blocked
#7California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators. It seems like a ponzi scheme, even if it's not intentional: people who can't afford to live here move away, and are replaced by wealthier people who can. Eventually we're going to run out of wealthy people and the whole thing will come crashing down.
> California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators
Because they vote. New York renters are a powerful contingent. Because they vote.
A large fraction of California has self-selected out of the political process. That is the root of a lot of its problems.
Re: California bill to add more housing in single-family neighborhoods blocked
#8California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators. It seems like a ponzi scheme, even if it's not intentional: people who can't afford to live here move away, and are replaced by wealthier people who can. Eventually we're going to run out of wealthy people and the whole thing will come crashing down.
> California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators Because they vote. New York renters are a powerful contingent. Because they vote. A large fraction of California has self-selected out of the political process. That is the root of a lot of its problems.
Also because they exist. People who would move to CA but don't because of the housing problem can't vote to fix the issue.
Re: California bill to add more housing in single-family neighborhoods blocked
#9California's housing crisis benefits existing homeowners, and this group has the greatest sway with legislators. It seems like a ponzi scheme, even if it's not intentional: people who can't afford to live here move away, and are replaced by wealthier people who can. Eventually we're going to run out of wealthy people and the whole thing will come crashing down.
What does "crashing down" mean, exactly? Do you mean economic development will stall? Then that would imply that home prices will decline and/or people will start leaving the state. If so, then that's the market at work, solving the problem without government intervention.
By 'crashing down' I mean a stiff housing price correction.
There's already heavy government intervention in the housing markets, that's the problem: developers can't simply buy land and develop it to it's maximum potential. There are regulations that prevent the market from meeting demand, hence the skyrocketing prices that can't be addressed by increasing supply.
Re: California bill to add more housing in single-family neighborhoods blocked
#10This bill would have created enormous resentment on behalf of homeowners, the ones who would have watched ugly four-story boxes go up in their neighborhoods. They would have wondered why the problems of the big cities were being dumped onto them, and the answer is found no farther then Weiner's list of campaign contributors.
https://votesmart.org/candidate/campaign-finance/129655/scot...