California’s housing crisis: how a bureaucrat pushed to build

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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