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by preston4tw
1157 days ago
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CA will make money if home prices increase from current highs due to supply constraints and if owners sell triggering the capture IIRC. CA now has a +$300m financial stake in that outcome. $300m is probably peanuts compared to the upside of addressing the CA housing crisis and enabling more CA GDP growth but it's also not nothing. |
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Wouldn’t CA also make money by allowing more housing to be built instead of playing finance shell games ?