Jump to content

BabaYaga

Legacy Members
  • Posts

    16518
  • Joined

  • Last visited

  • Days Won

    1

BabaYaga last won the day on March 17 2022

BabaYaga had the most liked content!

Reputation

17995 Surly 1%

Recent Profile Visitors

9086 profile views
  1. Obligatory First we.... Then we.....
  2. BabaYaga

    NIMBYism

    The state has been "working" on these problems for decades now. And if you read the article, it's a loophole from the 90's.
  3. BabaYaga

    NIMBYism

    Pick whoever you want - the point was the original plan had no aperture. It just vomited out money and ran out in hours with no targeted approach to who received. Municipalities across the country are crying about a lack of teachers, LEO, etc. The reasons are simple. They can't afford to live in the areas they are needed. If you can't build more houses, then incentivize those that you deem necessary and give them an entry point into the community.
  4. BabaYaga

    NIMBYism

    Then you look at revoking or changing the process. zoning restrictions (including upzoning) and CEQA permitting that can take years. Two good areas to focus on. It was idiotic how it was rolled out. They ran out of money in a matter of hours. This is also because it was free money to anyone/everyone. As mentioned earlier, tie it to an employee benefit for certain facets of the community you are trying to incentivize. Maybe start with teachers & first responders. Maybe not, but it's another way to address access within a landscape that makes it almost impossible to build.
  5. BabaYaga

    NIMBYism

    100% spot on. Hence that call out that this is a RE play and has jack shit to do with solving anything. He found a loophole to build in the nicest part of CA that he can cash out on Even better. Sell your loophole, avoid all the aggravation of building/codes/etc. and sail off into the sunset with fatter pockets.
  6. BabaYaga

    NIMBYism

    So trickle down.....that could "theoretically" free up housing downstream by building in arguably the most expensive piece of RE in the country.....unless they are first-time homebuyers or renters dying to live in a prestigious zip code. If the state really wanted to look at solutions to lower housing prices, you start by not building in the most expensive zip code in the state. There are three things that make housing affordable or not: the rate, the amortization period, and the amount financed. CA is looking to reinstate their "Dream for all" program in '26. If those that are familiar with the program remember, it was a shared equity solution where the state gave homebuyers up to a 20% DPA. Upon sale of the house, the state receives 20% of the sale of the house. WA state experimented with this as well. You can offer a focused approach with a program like this if you really want to help people, especially teachers, first responders, etc that can never afford to live in the communities they support. For ex. School districts could offer this as an employment perk for new/existing teachers to shop for homes closer to the schools, knowing they can now put up to 20% down. The elasticity of their purchase power is now stretched considerably. Firefighters, LEO, etc could do the same.
  7. BabaYaga

    NIMBYism

    Are you really trying to make the case that cheaper housing in BH's is going to create a trickle-down effect into other housing markets?
  8. BabaYaga

    NIMBYism

    It's Beverly Hills. One of the most expensive places in the country to live. So units are "more" affordable, so instead of catering to A-list actors and CEO's, we're bringing in the B-listers and those slumming C-suite execs instead? This is a RE play, not an "affordability" play.
  9. BabaYaga

    NIMBYism

    Solving the housing crisis with a 19 story building in....checks notes.....Beverly Hills. Sounds to me he did in fact find a loophole to plop down RE that will instantly become valuable because of the premier location.
  10. Meh, she's sponsored by Arby's, she's good
  11. Dibs on new username
  12. I've seen that look before
×
×
  • Create New...