Sunnyvale median home value $1.9M with prices up *28.7%* from a year ago. https://www.zillow.com/sunnyvale-ca/home-values/ … End the bans on high-density housing and backyard units! :-)https://twitter.com/jimgriffith_sv/status/995530537535094784 …
So... don't build anything? Or specifically create programs that provide deed-restricted housing that is accessible to minimum wage workers, which in SF generally requires a $300K per unit subsidy either from taxpayers or by tacking on fees to new market-rate housing?
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Do build but yes, as you say, you have to literally dissuade the purchase of housing as an investment by regulating the market. That is what they have done in Stockholm Sweden as I have highlighted.
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ppl misunderstand that the "market" is always regulated in some way. Property ownership literally can't exist without some type of regulatory entity to enforce property rights. In America, we subsidize homeownership at a multiple of how much we subsidize low-income housing.
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Which I am all for by the way, but I'd like to see a good faith effort at doing this.
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