CA only builds 100K of the 180K units it needs per year to keep up with pop. growth & aff housing $ have fallen by 2/3s since last recessionhttps://twitter.com/LAOEconTax/status/907675738656038912 …
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the state had like a $30-40B 1-year decline in revenue... ?
Well, any investment then would have been better than issuing "housing bonds" to invest now at top-of-market valuations...
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