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by andrewmcwatters 1754 days ago
No, no, no, can't you see? We need to save California! Won't someone PLEASE think about the landlords? I need people to owe me money forever! How else will I survive?

Please, oh please, California, don't build more single-family homes and create stable families. Won't someone PLEASE think about Blackrock! REITs need cash flow to be viable investments! How else will we pay out dividends to investors?

1 comments

Density is better for the environment and reduces housing costs which benefits poor people and minorities. The primary beneficiaries of the current arrangement are rich white landowners who in many cases pay virtually no property tax. Stable families are more than capable of thriving in multi-family homes, go anywhere in London or Paris to see for yourself.
Renting is for the poor. No one else thinks otherwise.