Harris releases plan to lower housing costs

[QUOTE=Bill Gates;14945794]Are you dumb? You know that 1/3 is much lower than 3/3 right? :oldlol:

Aside from that new buyers are singled out to cheap starter homes.

You're a home owner right? I own several. THE MARKET IS MAXXXXED OUT. We are on the verge of another housing collapse and the mortgage industry is about to sink. So yes it needs to be rejuvenated.[/QUOTE]

There is less supply of housing than the demand. The sellers will raise their price $25k and sell to the first time buyers. The (potential) buyers moving from another area/state, upsizing (growing families) or downsizing (seniors) will be left with whatever available housing that has also been raised by $25k.

[QUOTE=Bill Gates;14945787]Unrelated to what is the OP, but a lot of cities are now converting unused retail space into apartment buildings. Shopping malls that have become ghosted into apartments. Retail is continuing to die.[/QUOTE]

In California it is a complex issue. One of the more popular discussions centers around prop 13 squeezing local governments. Argument is... residential units are not being built on any meaningful scale because the property tax revenue will not fund the increased spending for public services

[IMG]https://i.postimg.cc/Wbs86cFW/prop.png[/IMG]

People like to poke fun at Detroit but California has seen bankruptcies at the local level in San Bernardino and Stockton in the last 10 years.