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A comment on California's constitution makes affordable housing hard to build. Parent comment

Re:California's constitution makes affordable housing hard t... by linkregister on Monday February 04, 2019 @12:03AM (#19074110)
> Rather increased housing leads to billionaires, Russian oligarchs and others buying up expensive real estate and not actually living there.

Do you have any kind of reference for this? It is a contrarian opinion compared to Case Schiller and other well-known housing research organizations.

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