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A comment on California’s housing crisis: how a bureaucrat pushed to build. Parent comment

Re:California’s housing crisis: how a bureaucrat pushed to b... by fortran77 on Friday February 14, 2020 @02:05PM (#22329280)
I own a house in 940xx and am all for more building.

It won't bankrupt anyone. If you bought a house you could afford for "x", and you budgeted as if it cost "x", you still have a place to live if you keep paying the mortgage. All your plans remain exactly the same. If the "value" of the house goes down, you'll save on property taxes.

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Re:California’s housing crisis: how a bureaucrat pushed to b... by sokoloff on Friday February 14, 2020 @02:23PM (#22329424)
If you scrimped and saved to pull together a 5% down-payment on a "starter house" and new construction nearby takes your home value own by 20%, you're going to be stuck in that starter home for a very, very long time.
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Re:California’s housing crisis: how a bureaucrat pushed to b... by bradlys on Friday February 14, 2020 @02:33PM (#22329524)
Can you really even get a house here on 5% down? I presumed anything over $750k would require 20% down immediately (and there's basically nothing that you'd want to own under $1m here). At least - that's what I got told when I talked to a guy at a bank about it.
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