1.I understand that the properties are going to be sold, yes, but what I'm saying is that with more houses in the housing market -- prices are going to decrease. There's no way in my mind that I can be convinced that more supply, in a market which is obviously having a supply problem, is going to hurt people. I'm also not saying, in the least, that people are just going to build until everyone has their own house -- that makes little to no sense. But, builders WILL build in a market which has a supply problem and inflated prices.
2. Rent Control works if you define it a certain way. It only controlls the rents for the units it has designated, yes, can't fight you on that one. But the problem with that is that isn't the market rate for housing, so developers have less of an incentive to build in areas that have these policies which further hurts the supply problem in California.
3. My idea was more along the lines of being used in areas that have students in cars, emergency zones. Where you speed licensing and ease regulations for the ability to build more housing in an areas that desperately needs it.
My idea isn't like China, I'm not talking about giving lands to people -- seizing it, etc. There was little to no demand in China and an abundance of supply. -- there's demand in the US (California in this circumstance) with no supply.
1. You are correct. I'm just saying that won't solve this particular problem of broke college students being homeless. This would help people who are close to being able to buy a home.
2. Its not just a supply problem. Its a demand problem as well. Taking away rent controls will lead to an increase in supply, but will also allow upward movement of prices and price a lot of people out. Rent control is the only way to have affordable housing in high-demand areas.
3. It sounds like you think the students are sleeping in their cars because there isn't any housing available near their schools. Thats not the reason. There is housing available near the school but it is far too expensive for students to afford. Building housing near the school at market rate isn't going to affect them in any way. Even if increased supply causes the market rate to drop a bit.
https://nlihc.org/sites/default/files/oor/OOR_2017_Min-Wage-Map_0.pdfMaybe your solutions would best case scenario lead to a 10% decrease in housing costs across the board. It would still take around 30 hours a week to allow 90% of their income to make rent. This is based on the state average which is much cheaper than the major cities where the problem is much worse.
You have the Chinese situation wrong. Chinese government owns all rural land and municipalities rezoned rural land to urban land and leased it to developers who built housing. There was a TON of demand coming from people who already had homes. These homes often sold out before projects were built. Before the recessions, real estate was selling like hotcakes and the demand is what drove the building explosion.
IT all goes back to why houses are built. They are built to be sold for profit. They are not built to be occupied.
There is demand in the US just like there was demand in China during the boom. That demand is from professionals and investors, not from college students or working class people, the people who need homes.
The solutions you speak of do not hurt people but they do not solve the homeless crisis. Not one bit.