California’s next governor wants to build 3.5 million new homes by 2025 Is that even possible? (environmentalists, illegals)

[Jacobo1]

oh yes comrade. have faith in the state and the state will have faith in you.

[PilgrimsProgress]

Every illegal deserves to get free housing because they are better people than American citizens in every way. And they will vote Democrat.

[PilgrimsProgress]

Plenty of new apartment buildings in Los Angeles but the average studio is $2000 a month. Developers are tearing down older, rent controlled buildings. I wonder what the occupancy rate is of these new places.

[Loveshiscountry]

Originally Posted by jm1982

What do you think of this plan to build so many new housing units ?

There is a lot of talk of prices not being affordable but even with this many more units I’m guessing housing for most would still not be affordable . There is also the environmental and traffic and water issues that would come with a huge increase in building.

Another thing is that majority of building seems to be rental property . Would be nice to see more options for for sale property. When people own in a neighborhood they tend to be more involved and care about the neighborhood more .
I don’t think turning CA into a state of renters is a great thing . There will never be enough affordable housing units for those that need or want it.

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The number of homes Newsom proposes to build would be unprecedented. Since 1954, developers have constructed more than 300,000 units in a year only twice. To reach 3.5 million units by 2025, California would have to build housing at a rate unmatched even in boom years.

Newsom does have a plan, though. To encourage construction of new housing, the governor-elect has pledged to make more tax credits available for affordable housing developments and to support voter-approved bond measures that finance housing construction.

https://la.curbed.com/2018/11/8/1807...m-housing-plan

I hope so. I'll be ready this time. Get in and out early before the big crash that ruins the economy.

[Loveshiscountry]

Originally Posted by beb0p

3.5 million is not a realistic number, but I don't fault him for aiming high with a bit of hyperbole.

If he meets just 1/3 of that goal, it'd be a great achievement and would really help alleviate the housing affordability issue.

It will be a very tough task because most of the forces are out of his control. But if there is one person who can pull it off, it's Newsom. We'll see.

.

Artificially manipulating an industry doesn't work well. Were you aslseep during the housing bubble or do you think after the plethora of failures big government has had they will get it right this time? I don't. Respect the streak.

[Chicano3000X]

We needed it since 1980something.. L.A.’s planning is dated af..

[Redraven]

All it will take is time and money.
Does the Gov. have a source for both?
If not, it is just meaningless political babble.

[banjomike]

Originally Posted by jm1982

I believe most of them will be apartments /rental housing .

Of course. Converting empty warehouses and other buildings into housing spaces is likely part of the plan.

[11thHour]

Won't happen.

[Kevroqs]

Originally Posted by jm1982

He seems to fancy himself a west coast Bernie Sanders or perhaps Alexandria Ocasio Cortez . Free this free that .

While taxpayers foot the bill