May 15, 2016

IF YOU BUILD IT THEY WILL COME:

This is how California's governor wants to make it easier to build affordable housing (Liam Dillon, 5/15/16, LA Times)

As part of his revised budget released Friday, Brown announced what he said was a better solution: making it easier to build homes for low-income residents. In a new package of legislation, Brown is proposing to streamline the permitting process for developers building affordable homes.

"Hopefully, the supply is going to bring down the cost," Brown said. "Otherwise, through subsidies and through restrictions, we're just spending more and more tax dollars and getting very, very little."

Brown's move indicates he sides with the idea, promoted by academics and economists, that the primary issue driving the state's out-of-control housing costs isn't a lack of housing subsidies, but rather that there's not enough homes to meet demand.

The trick is to build enough new homes to house all the immigrants you have to import to build all the new homes....rinse, lather, repeat....

Posted by at May 15, 2016 8:17 AM

  

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