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A comment on 19% of California houses are owned by investors. Parent comment

Re:19% of California houses are owned by investors by nikanj on Wednesday August 06, 2025 @04:06PM (#44817061)
No amount of tax adjustments can fix not having enough homes for the population. Focusing on those is a red herring
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Re:19% of California houses are owned by investors by koolba on Wednesday August 06, 2025 @04:09PM (#44817094)
> No amount of tax adjustments can fix not having enough homes for the population.

If you raise property taxes then people will leave because it’s not affordable. Not just leave their homes, they will leave CA. That will both lower demand and raise supply.

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Re:19% of California houses are owned by investors by nikanj on Wednesday August 06, 2025 @04:16PM (#44817181)
"We don't have to build enough homes for people if we just force the poorest people to leave the state"

Yikes

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Re:19% of California houses are owned by investors by koolba on Wednesday August 06, 2025 @04:29PM (#44817390)
> "We don't have to build enough homes for people if we just force the poorest people to leave the state"

That’s literally what every other state with property taxes assessed on the current value of the home are doing. It’s why retirees move out of their larger homes when they no longer have children occupying the other bed rooms. It’s why you have actual turnover of housing to (generally younger) people that not only want to live there, but are gainfully employed and can afford to do so.

It’s not some evil scheme to evict granny. It’s efficient allocation of a finite resource.

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Re:19% of California houses are owned by investors by nikanj on Thursday August 07, 2025 @06:19AM (#44822708)
It's a financially sensible, totally rational scheme to evict granny.

Why not just build more homes so she can live close to family?

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Re:19% of California houses are owned by investors by koolba on Thursday August 07, 2025 @04:40PM (#44830057)
Build where exactly when the entire neighborhood is already built out (probably double so with the ADU rule)?

Or should we tear down some grannies houses to build multi floor apartment buildings?

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