Comment by epistasis
2 days ago
You don't think that younger people need housing too?
How about all the empty nesters that are sitting on 4 bedroom homes but are unwilling to move. Are you going to propose legislation to make them?
Will you propose legislation to specially encourage more multi bedroom homes?
The attitude of "this doesn't benefit a narrow band of people that I want to benefit, therefore it must be stopped" is why California is in such a housing mess right now.
Yeah, these incentives should be changed.
Yeah they currently could sell their 4 bedroom and buy a 2 bedroom for the same monthly mortgage because the high interest rates. No thanks.