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knowmansland t1_jcdzkxm wrote

They will probably be purchased with cash from foreign investors and then rented.

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vasya349 t1_jceggms wrote

Foreign buyers represent less than 2% of national home sales.

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BreadItMod t1_jcfcngr wrote

That’s too much, if you’re not a permanent resident of some kind you shouldn’t be allowed to buy anything. It’s the only nationalistic view I hold

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Scizmz t1_jcg2ccz wrote

I'm more concerned with corporate "investors" at this point. But if you really want to fix housing issues in America outlaw the owning of single family properties by corporations and trusts. Individuals can still own as much as they want, but nobody is going to want that much personal liability.

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blankarage t1_jcgtaeu wrote

permanent residency doesn’t stop foreign investors, you can buy a path to residency fairly easily. we really need to focus on ~30% of housing being purchased by companies

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vasya349 t1_jch2aaw wrote

Yeah but it doesn’t affect the larger market at that fraction…

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navit47 t1_jch92kl wrote

we're aren't looking at housing on a national scale though, even then 2% is pretty high

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vasya349 t1_jchjswq wrote

Feel free to find data for San Diego specifically. This weird myth that foreign buyers are influencing prices has been disproven by research in both Australia and Canada, I doubt it’s different here. Prices are bad because there’s undersupply and domestic investment groups capitalizing on that.

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navit47 t1_jchtbl5 wrote

I'm not the one making the claim, its not my perogative to, also again, Australia/Canada doesn't apply to California

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YawnTractor_1756 t1_jcdoz7u wrote

San-Diego council voted on finally allowing more high and mid rises, which will be cheaper and will allow hispanic and black community to also buy them. Which is great news.

I wish titles spent more time informing about more important parts (new cheap housing in needed areas) rather than playing the racial virtue card to score some IRL karma-points.

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Electrical-Bed8577 t1_jcek5pq wrote

Going back to "the projects" will not solve redlining, integration or the housing crisis. It will solve developers ledgers. Lazy politicians.

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Kimchi-slap t1_jcettvz wrote

The best way for racial integration in housing is to make people financially equal. Of course that hard to achieve by various reasons, but other solutions are temporary at best.

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FragWall OP t1_jcevn8o wrote

And it's impossible to do that in the current plurality system due to the lack of compromises and coalitions between the two major parties. Which is why America should switch to multiparty democracy with proportional representation. It's vastly superior to the current plurality system.

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chemicalrefugee t1_jcq5i7e wrote

> . due to the lack of compromises

I moved to Australia from the USA over 20 years ago. We do have some similar issues with entrenched corruption and people who will say anything to get a few conservative swing votes.

That said, although we do have 2 major parties we do not have the electoral process or first to the post voting. That means that you really can vote for the person who you want in office (perhaps an independent or a small party politician that you like) without throwing your vote away. If your favorite candidate doesn't get in then your vote just moves on to support the next candidate (or party) you listed (and so on). This lets you list a major party as the last 'acceptable' person in your list (a compromise candidate like Biden) before you put down all the people you absolutely hate (with the least reprehensible first, and the one you hate the most listed last).

There are no votes thrown away.

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FragWall OP t1_jcyf1i5 wrote

If you don't know, there's the Fair Representation Act bill, which comes with STV and multi-member districts. This article shows that when the two combined, it will dramatically blunts gerrymandering.

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Electrical-Bed8577 t1_jcrlgs1 wrote

America is a larger chimera. We have had more than two parties in our history. Our coalitions do not coalesce. I definitely agree that we need proportional representation, with more congressional representation in each state. It needs to be done without 'watering down the vote'.

To add, we also need a better census system, counting domestic and field worker and those without stable housing, including licensing and inspecting rental houses. This can be done mostly remotely, with local documentation forwarded up to each state and the Federal gov.

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BreadItMod t1_jcfcgdj wrote

From now on when they say No one can afford a house they mean No One, even White people

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zstandig t1_jchguov wrote

It's pretty shameful that redlining is still an issue when it was banned in 1968

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