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A comment on The Ultra-Rich Are Flourishing and Sticking Around in California. Parent comment

Re:The Ultra-Rich Are Flourishing and Sticking Around in Cal... by game_the0ry on Tuesday August 01, 2023 @03:59PM (#36961807)
At least prices have been coming down in Austin. Same needs to happen in CA, but there are going to be a lot of bitter and distressed home owners.
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Re:The Ultra-Rich Are Flourishing and Sticking Around in Cal... by threatofrain on Tuesday August 01, 2023 @04:05PM (#36961910)
When in tension, the needs of people who have a job but cannot buy a home ought outweigh the needs of people whose financial strategy hinged on housing speculation so badly that their income cannot deal with the fallout.

Of all things the state should be encouraging or building safety nets for, housing speculation should be in last place.

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