22
California has an affordability crisis. The fix may be politically uncomfortable.
(news.berkeley.edu)
this post was submitted on 21 Aug 2026
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What? How would it keep buyers out?
Prices would go down and the market would find the actual price of housing. Pretty quickly, since all the speculators would dump their second and third houses.
The 2008 GFC showed us there’s plenty of housing since many, many houses sat empty. The problem is unlimited credit inflating prices beyond their intrinsic value, and cash speculators cornering the market.