David777
Well-known Member
- Location
- Silicon Valley
Was amazed to read the following in urban news media. Very much points the finger to where this person has been doing so for years on news comments. Maybe enough others have read those comments over years that it is spreading? Real estate corps, banks that loan them money to do so, REITs, home construction corps, and a wide range of Wall Street corporations that benefit from increasing real estate values are the real bad guys. Their controlled media puppets and politicians regularly point fingers at other targets like "not enough housing being built", blah blah blah or praise increasing real estate prices as a good thing for ordinary folks. No no and NO. Yeah this piece gets it right.
Make this group of people pay for California homelessness relief
https://www.sfgate.com/politics-op-...cost-16659771.php?IPID=SFGate-HP-CP-Spotlight
snippet:
Real estate speculators have capitalized on this reality, worsening the problem. Many of these “investors” aren’t based in the United States. These investors include Chinese housing speculators, who are among the fastest growing owners of California real estate. Unlike working class families, many of these foreign real estate speculators buy in cash. According to the real estate data firm ATTOM Data Solutions, in 2006, roughly 10% of California single-family homes were purchased in all-cash transactions. In 2016, it rose to nearly 25%. If we are going to fund a solution, the bill ought to be tacked onto the urban real estate speculators who profit from the soaring property values that undergird the homelessness crisis.
Make this group of people pay for California homelessness relief
https://www.sfgate.com/politics-op-...cost-16659771.php?IPID=SFGate-HP-CP-Spotlight
snippet:
Real estate speculators have capitalized on this reality, worsening the problem. Many of these “investors” aren’t based in the United States. These investors include Chinese housing speculators, who are among the fastest growing owners of California real estate. Unlike working class families, many of these foreign real estate speculators buy in cash. According to the real estate data firm ATTOM Data Solutions, in 2006, roughly 10% of California single-family homes were purchased in all-cash transactions. In 2016, it rose to nearly 25%. If we are going to fund a solution, the bill ought to be tacked onto the urban real estate speculators who profit from the soaring property values that undergird the homelessness crisis.