I know most of you may not like FoxNews, but I do browse it alongside the other platforms that I'll listen to during the day. Saw this very weird headline, and in my mind this is one of the more bizarre things about California -- instead of easing regulations in an attempt to get builders to build new housing in areas --
California has announced a bill to allow homeless college students to sleep in cars on campus' (
https://www.foxnews.com/politics/california-bill-would-let-homeless-college-students-sleep-in-cars-on-campus-amid-housing-crisis)
This seems like a pretty horrible solution to a problem that could be solved through other means. I'll list some potential solutions, and I'd like to hear everyone's thoughts on it!
1. Make it easier to build - Obviously.
This is just easing the regulatory process, reducing taxes, fees, and paperwork constraints on those that want to develop within California. Speed up the approval processes for licenses and LET PEOPLE BUILD. I'm not saying to abandon safety standards or anything, that's not smart, but if you're holding up projects to hold up projects then nothing is working.
2. Don't force new builders to set aside a certain amount of units towards Rent Control. (OR LOWER THE AMOUNT NEEDED)
Rent Control is practically a naughty/bad word in the industry of builders. They don't want to be constrained with this sort of thing, as they know it's just going to bring profits down and less real estate investors are going to want to buy the properties.
3. Mandate Certain House Goals
If local government isn't going to act, the state must set a mandate to achieve a certain amount of housing by x point. Attach this sort of requirement to federal funding and force the governments to comply, or lose funding.
I'd like to see what the rest of you think about this, I'll also link the FoxNews article up above.
1. You are assuming that if new housing is built, students would be able to afford that new housing which is not the case. New housing would mostly be gobbled up by investors and the remainder would be split between first time home buyers, and professionals currently living with roommates. Just because new housing is built, doesn't mean students who cannot even afford to be in school to begin with, will suddenly be able to afford said new housing.
This is a good idea, it just doesn't solve this specific problem . Smaller developers would benefit from this because the larger ones are the only ones currently powerful enough to convince government officials to approve their projects. Without control, these corrupt politicians would lose their ability to collect kickbacks from developers.
2. Eliminating rent control will allows rents to go up. This would open the door for smaller investors to build rental property but in no way would that help students be able to afford the rent. Developers would build a ton of luxury because it is more profitable. Many luxury units are sold to foreign investors who hold them like money in a bank.
3. So there would be federal money given to the state to build student housing, and that housing would then included with the normal price of tuition? This in theory is good as long as tuition does not go up to account for the room and board.
In capitalism, things are built for profit and not built for use so building more does not mean more usage. All of your solutions are centered around building more housing. It doesn't solve the actual problem.
The problem isn't unique to California and is playing out in every desirable area, especially the more desirable metropolitan areas. This is the same sort of mindset that has led to 55 milllion vacant homes in China but Chinese investors are still buying empty homes in the US.