Yep. This has signature California faux-populist policy written all over it. Capital still gets its firehose of rent for doing nothing with slightly improved market stability, and the people get good vibes while the machine grinds them into slurry.
Also selling a house doesn’t change its value, the new mortgage is going to be virtually the same as rent (banks issue mortgages in relation to expected rents), and will likely be turned around to rent anyway.
Yep. This has signature California faux-populist policy written all over it. Capital still gets its firehose of rent for doing nothing with slightly improved market stability, and the people get good vibes while the machine grinds them into slurry.
Also selling a house doesn’t change its value, the new mortgage is going to be virtually the same as rent (banks issue mortgages in relation to expected rents), and will likely be turned around to rent anyway.