Hey @kimmaicutler why you liking posts that are literally saying people don’t have a right to a home?pic.twitter.com/byzKbUsk8f
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The housing is enormous — enormous in terms of cost relative to other services we could allocate that money on like Medi-Cal to low-income Californians or higher K-12 spending at 10-11K/student, which is why the governor has been reluctant to allocate to housing subsidies.
Yes, but Tony directly highlights how to lower housing costs (lower interest rates via public banking) and how to fund more affordable development (using earnings from that interest to reinvest directly into more housing). The $700k number came from housing on the shipyard.
To get K-12 to national average spending would require another $40-50B per yr. Because of Prop 98 any tax increase for housing or any other priority, 40% off the top must go to schools. We cannot have all these things without a 4-5X tax hike. So, can we try fixing the market?
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