then what happens to renters?
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Replying to @kimmaicutler @constans
if u expand supply sans limiting non-owner occupied purchases then it all gets gobbled up by Dubai.
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Replying to @ladykayaker @constans
FFS, "Dubai" and whatever nativism you are pulling is minuscule relative to actual population growth in CA.
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Replying to @kimmaicutler @constans
a random proxy 4 non-local investors. Yes nativism. CA cannot b world's 1%er cash cow.
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Replying to @ladykayaker @constans
OMG. Just explained this. Scarcity from zoning & property tax caps *make* it an attractive investment to outsiders.
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Replying to @kimmaicutler @constans
add a law to prevent them being able to buy even though they want to.
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add a law preventing NIMBYs from stopping plan compliant housing, even if they want to!
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u mean a law that favors out-of-area developer's profits?
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in the American system, someone always profits off land no matter what like hoarding baby boomer NIMBYs
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u r way robs the remaining middle class & transfers its wealth to corporations holding apt complexes.
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no it doesn't. Lower land values/land costs make it cheaper to build more housing.
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