If you want an affordable home move somewhere affordable. You can't legislate affordable housing for yourself without introducing problems for everyone else. Someone just living in a home they bought is not actively preventing you from affording one, at least, they're the last people you should blame (even after yourself).
That's the exact issue. They aren't.
But none of this has to do with small startups
While they're all good ideas, I don't think they'll totally solve the issues of affordability here.
Housing should not be an investment, period.
I'm simply saying those who were stuck buying at inflated prices might be opposed to that.
My home is paid off and I got it for half of it's market value. I have no skin in the game either way as I'd never sell.
California stands alone as one of the top 5 or 6 biggest economies in the world. The 2008 GFC was a blip in our housing market even when the economy turned upside down. My city experienced less than 18 months of flat real estate prices before growing out of control again.
If an actual economic crisis caused by housing loans doesn't destroy California's housing market, forcing companies to pay their fair share certainly won't.
So if I invent an awesome new car, it's selfish because it's destroying the value of your beater? If I invent a new GPU that costs 1/10 the price of existing ones, it's selfish because your computer is now worthless on the secondary market?
Homes are to LIVE in, I consider them consumables just like cars, just on the order of ~a lifetime instead of ~10 years. I don't give a flying f about neighbors' house or car values, I just care that I have a comfortable roof to live under and that I can afford it.
I know boomers treat houses as investment assets. I don't. They're shitty return and high-maintainence as an investment. But I'd like to have my own so I can modify the hell out of it to my liking.
