CA will make money if home prices increase from current highs due to supply cons... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		preston4tw on April 11, 2023 \| parent \| context \| favorite \| on: California to lend 20% down payments with 0% inter... CA will make money if home prices increase from current highs due to supply constraints and if owners sell triggering the capture IIRC. CA now has a +$300m financial stake in that outcome. $300m is probably peanuts compared to the upside of addressing the CA housing crisis and enabling more CA GDP growth but it's also not nothing.

foogazi on April 11, 2023 [–]

> CA will make money if home prices increase

Wouldn’t CA also make money by allowing more housing to be built instead of playing finance shell games ?

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact