<story><title>California’s affordable housing problem is really a national one</title><url>https://www.nytimes.com/2021/02/12/business/economy/california-housing-crisis.html</url></story><parent_chain></parent_chain><comment><author>tqi</author><text>Why is this always framed as a problem caused by people looking for a place to live?&lt;p&gt;I moved to SF for a job. I&amp;#x27;m not the one who decided to not build enough new housing for 30 years. I&amp;#x27;m not the one who decided to approve all those new office buildings. Yet I was the problem for renting an overpriced apartment from an SF native who bought in the 90s, and now pays less than $8K&amp;#x2F;yr in taxes on a place worth over $1M. And now I&amp;#x27;m still the problem if I decide to leave?</text></comment>
<story><title>California’s affordable housing problem is really a national one</title><url>https://www.nytimes.com/2021/02/12/business/economy/california-housing-crisis.html</url></story><parent_chain></parent_chain><comment><author>nutshell89</author><text>The problem is that not only is there zero appetite to phase out housing-as-investment boosting policies like the mortgage interest deduction, imputed rent exemption, and cap gains exemption at the federal level, en vogue affordable housing strategies have focused on keeping interest rates low, providing 1st time home-buyer tax credits, and strengthening fair lending regulations.&lt;p&gt;The U.S.(western nations with high housing costs really) are drunk on the housing-as-investment model, and zoning increases and &amp;#x2F; or social housing positive policies will always take a back seat when speculative profits are involved.</text></comment>