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A comment on US Housing Affordability Hits Worst Point in Nearly Four Decades. Parent comment

Re:US Housing Affordability Hits Worst Point in Nearly Four ... by jjoonathan on Monday August 21, 2023 @02:14PM (#37213285)
Existing homeowners want their assets pumped. As far as they are concerned, this is a feature, not a bug.

Things get interesting when owners become a minority of the electorate.

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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by whimsicalism on Monday August 21, 2023 @02:16PM (#37213306)
Maybe we'll finally be able to repeal ridiculous laws like prop 13.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by egberts1 on Monday August 21, 2023 @02:24PM (#37213417)
Nope. Prop 13 is a godsend for senior citizens in California.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by whimsicalism on Monday August 21, 2023 @02:37PM (#37213587)
And one of the largest proximate causes of a housing disaster for young people in California - taking from the poorest generations in the state to give to the wealthiest and interfering with the effective operation of housing markets in the process.
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Re:US Housing Affordability Hits Worst Point in Nearly Four ... by candiodari on Monday August 21, 2023 @06:28PM (#37216191)
A total inability to sell is not a feature to them, though.
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