As someone who has been in construction for 35 years here in the Bay Area, I can tell you the problem is even bigger than what is being described here. Even before the pandemic, large multi-family builds took years to get to the permit approved status, and often times with rosy scenario cost and revenue projections. Now labor and materials especially are not just over original budgets but many materials are simply not available on a steady basis. This factor of not being able to keep a schedule substantially increases the chances of a project running out of money before its finished. It is a risk fewer people are willing to take, even for non-profit builders. Even as we are emerging from the pandemic, there are a few factors that make the problem even worse. The labor and material costs are not going to fall, not by any stretch. On the revenue side whatever projected rent rolls might have been are now much lower. Because a good portion of the local workforce can now work remotely, their housing expenses are now being paid in other areas of the state and country. You simply don't have as large of a highly paid captive market of people who have to live here to make their living. Even with millions in subsidies from the State, it will still be unlikely that we will ever see a substantial increase in subsidized, affordable housing here in the Bay Area. It costs more to build a basic unit of housing, even done on scale, than most people realize. I've seen estimates of 500k per unit, and at this point I would say that is light by a 100k. Even with the new builds being exempt from rent control for some period of time after building, I think the statewide rent control laws really spooked a lot of developers, large and small. Many of the folks I talk to say they are really focusing on smaller projects that are market rate, and only for sale units(condos and townhomes). I'm not a huge fan of Fiona Ma, but I agree with her view that "there is more bang for the buck" by giving money to builders in places(central valley) where they can get more units built for the same dollars. I do enjoy this series, I look forward to more angles on this.
@@CandiceNguyenTV I started out in wholesale material supplies and then got into estimating for multifamily housing. Most of my work was reconstruction. I spent about 6 years doing insurance restoration work in single family homes and some multifamily buildings. Now I work as a cost estimator determining replacement cost values for property insurance policies. New builds are different from recon, but I'm the first to acknowledge that new builds have far more headwinds that simply repairing or restoring buildings. I can't tell you how much time I have spent in Bay Area building departments just trying to get permits to fix buildings and get people back in their homes after a fire, flood etc.. It can be cumbersome to downright punitive how some, not all, building officials can be. I miss helping people in times of distress, but I don't miss the arbitrary and often times conflicting direction that building officials give. The building/planning departments of big cities of SF, Oakland and San Jose are notorious for this. The smaller cities are generally as stringent as the big cities when it comes to building code, but they are at least consistent in both their interpretation of code and enforcement. I could not imagine being a new construction builder in this region.
Just like millions of People migrated for better economic opportunity, people will have to move for lower cost of living. It's not just housing, everything is more expensive along with high taxes in California.
So sad, but you’re so correct. It’s all a conspiracy. They don’t want low income, or poor people in their newly renovated and upgraded, beautiful neighborhoods. They consider low income residents to be an eyesore.
When you have a Governor that welcomes everyone including those with nothing but the shows on their feet, why wouldn’t they come for the free stuff that this state loves to give away? The weather is also nice.
@@bayaholic Don’t forget Trans 🏳️⚧️ people get everything first . A trans person came from a red state because they heard how everything in California is free. This person came here got free tuition for school, housing, food , money $1400 monthly because their trans, free plastic surgery.
I first moved to the Bay Area a bit over 40 years ago. I feel nostalgic watching this story because I saw the same stories 40 years ago whenever there was a jump in home values. I have no doubt it will continue for another 40 years. Affordability isn't the problem, it's a symptom. The problem is the great climate. That bough in business, people. Sure, create cheaper housing but it solves nothing except give Doug a place to live. Doug will then be followed by Tom, Dick and Harry looking for their subsidized home. The Bay Area is a great place to live. It doesn't look to me like anyone is actually interested in solving the problem because to many there is no problem. New companies are happy they can do the same stories over and over using the same scripts so cheaper content. Organizations helping homeless and advocating for affordable housing is a growth industry so they sure don't want actual fixes...they'd be out of a job. There's also a lot of people in government who's jobs sound like they're supposed to be solving this problem but need to keep the problem to keep their jobs. To fix the problem we have to look at the problem rather than the symptom. But WOW, we are not allowed to even discuss the problem. Why people who can't afford to live in the Bay Area actually in the Bay Area? It seems a simple question but WOW....can't be asked.
You are asking why service employees are living in the Bay Area? Well, because we all need things like markets and restaurants and services like janitors. At least law enforcement makes enough to have a house for their family elsewhere and can commute in from, say, Tracy (although some sleep in trailers next to the county jail, during their shift days, and there may be more as gas prices continue high). But there is one thing---a lot of service employees are emmigrants who are willing to live with multiple numerous people in a housing unit, if that's what it takes.
I totally agree......People who are not willing to work hard to live this not the place to live. The only provlem in California is the government....especially the school system is so bad. The government people does not really care or does not know how to run and manage properly.
Yeah, I saw the same stories 40 years ago also. Let me add some Captain Obvious points: 1. Too much demand by better paid people 2. Affordable Housing is really subsidized housing 3. Bureaucracy is stifling 4. Rent Control Bureaucracy drives out small mom and pops 5. Activists want cheap housing in one of the most expensive places on the planet....how does that work?
Candice, how do we get you and the NBC Bay Area Team to win all the awards for this series? I'm literally WAITING for the next one to drop, this was so necessary! You're the best! 🙌🏻
They screwed the mom and pops with moratoriums and rent controls. Now they block developers with red tape. Cadillac committee is not acceptable. Governor should rent out rooms in his house to Cancel renters. Try the business and the laws himself . Good luck!
The state's developers need to be permitted to build enough even market rate homes so that market rate becomes reasonable then the state won’t have to spend as much to create affordable housing.
Prices are high because zoning has artificially restricted supply. It really is that simple. Britmonkey's "the housing crisis is the everything crisis" here on TH-cam is a much more thorough review of this problem and the appropriate solutions. Simply put we need to allow as much development as the market will bear which can only be done by repealing exclusionary zoning
more housing, more energy needs, more water, more schools and on and on. more taxes dont need more housing, need less californians. If you build affordable housing more will move to california. endless cycle. Newsom is doing his best to accomplish this. with the California surplus should be building resevoirs, power plants if we are going to increase housing stock, already have water shortages, and black outs. Need to pay homeless peoples rent in places like Visalia, Stocton, Bakersfield or wherever building is cheaper. maybe even to rust belt areas like Youngstown, Cleveland, etc. not of the most expensive land in the world.
With a 20 foot temp container type unit out back, it can always be moved, ( if to many problems occur ) but provides the homeowner with the income to help keep from loosing their home.
Market rate is pretty high in the Bay area. Lucy would pass out if she saw the prices now. Installing washers and dryers would probably need more red tape lol.
The solution is to forget about "affordable" housing and just let developers build lots of market rate housing. The price of housing is about supply and demand. If we take away all the "affordable" housing requirements then a lot more housing will be built and market forces will make housing affordable without any taxpayer subsidies.
To get enough market rate housing zoning regulations have to be relaxed to allow it. There’d also have to be some protection against lawsuits filed by homeowners trying to block development in their neighborhoods.
@@NovaDoll the expensive market rate homes will take up people with more money and leaving older homes available that will drop in price so market rate housing can indirectly make homes more affordable. And not building will definitely make everything more expensive.
USA need to ask China for help on how to provide housing for its people. China can house 1 billion people and yet USA can't house 400 million people? Stop spending so much money on weapons to rule the planet and start helping your own people.
When you own a house a small rental property provides an additional income for the homeowner that helps make ends meet and they live right there to help with checks and balances.
Having worked in apt management for 28 years the LIHTC / tax credit benefits the owners not the residents...🤔 The only affordable housing is with a section 8 voucher..
Thanks a lot for the series. A terrific start to a complicated issue. I would point out that while it’s nice to focus on the government funded projects, the vast majority of housing has and was built without any subsidy, including the small mom and pop buildings that you covered in Ep.2. This can’t occur anymore because over the last 40 years, California has instituted caps on the amount of housing that you can build on most parcels of land. And on top of that, building costs (permits, labor, taxes,etc) adds 50%+ to the cost of building versus other large metro areas. This means less housing gets built on each unit of land, which further exacerbates the housing supply issues. Changing just this in California would add lots of new, more affordable supply.
dont worry folks, the much needed US$ 40 Billion relief fund will be handed out real soon... to the Ukraine... kudos to the house and senates, they understood their constituent's suffering, acted swiftly and accordingly by rapidly approving the US$ 40 Billion aid package... this really show how much they care... for the Ukrainian...
I really appreciate your videos because they provide a balanced view why rent is becoming more unaffordable. It seems to me that government tries to find solutions, but at the end of they day government regulations are the biggest problem!
Theyre not mandatory, a lot of people here are easily manipulated and would cover their eyes and ears too if the government & "experts" said it was the right thing to do
If you aren't making enough money then MOVE. Project Roomkey to my understanding was free. If that is the case and you are working multiple jobs then you should have some money in the bank.
California was never affordable for the average working person. A place to visit but not live there unless you have money. I would love to live in San Diego but not move there then still would have to work several jobs and live with multiple roommates. Then live paycheck to paycheck and never be home to enjoy it.
It costs about 100K to construct a small house. For 1 Trillion, at least 10 million homes can be constructed to house over 40 million people. This will solve the homelessness problem, save all the section 8 money, make owning more affordable, and stimulate the economy: if you don't have to pay rent you will have extra money to spend on other things. The government can sell those homes to people interest free over a 10 year period (at about $900/month). However, this probably won't happen.
Here is sort of a solution for the state of CA. On those vacant lots you can bring in old RR shipping cargo containers and convert them to public housing. I have seen it done and it can be done on the cheap. You are welcome CA. Part of the problem solved from Australia.
The next major problem is the housing crisis. A lot of people are in need of affordable housing and companies in certain areas cannot get workers due to a shortage of housing in that area. That also affects the economy and therefore everyone. The solution would be for the government to have affordable housing built through private companies and set a price on the costs with a modest profit. We give other countries tons of money every year so use that money to fix our housing problem. The housing bubble is going to bust soon.
they should help renters to buy the buildings from the owners. they re already paying the mortgage. the city and state can help secure the down payments and loans. get rid of the greedy middle people who rent out the properties.
Look at California High Speed Rail...10 years of permitting and not 1m track has been laid Newsom could emergency permit fast-track residential housing if he wanted to Currently residential construction workers continue to sit on their moms couch collecting govt checks smoking pot cannot do any actual work since all Blue States place so much regulation on all residential construction It takes YEARS for permits to be approved before actual construction starts I think we need to bring back AHHNNOOLD!
The correct house hack for those with a meager income like Doug is to rent a room in a large house with roommates, not to have your own apartment as a single guy with a meager income. Even sharing an apartment is too expensive. That's why you see a bunch of houses in San Jose with driveways stuffed with cars and more cars parked on the front lawn. If you pop open the garage, you'll see that there is someone living in there. If you look through the bedroom window, you will see bunk beds. I'd like to see a future episode focused on the single family house being rented out to many roommates so guys like Doug can be educated on the smarter way to find housing.
Zoning regulations typically will limit the legality of that. I am not in CA, but I imagine that zoning regulations exist there similar to what exists where I am - residential units are intended for “single family” use, and to cover the roommate situation the regulations will say something like a family consists of people all related to each other or a maximum of three unrelated people. There is even a town near me that limits it to a maximum of two unrelated people. Doesn’t matter how many bedrooms in that residence …
The state should own the real estate and housing and construction to provide it to the people as public service, a right. Eminent domain the land for construction.
and here you have the idiocy and fallacy of socialism at ita best. relying on govt to pay for hosting which doesn't not pay for itself. You think capitalism is evil? then go live in North Korea or Venezuela or Cuba and see how great life is there
Praying for more housing . Blessed but the things that have to be done just to live is beyond , all we as Californians want is for our paychecks to match the rise in Everything, everywhere. ! 20$ minimum calif wage !!!! W/o raising everything else !!!
What the Asian lady meant to say was $1.7 billion was funded $1.1 billion was for pork barrel spending. And the other $600 million spending was for actual housing. "MAYBE".
This is really pathetic. What I hate about todays california is it is a culture they can't figure what to do with out billions of dollars. everything has to be on the passed on the renter. It is STUPID. this is an issue of cultures VALUES. and home state which use to not be this way is pathetic. Good bye california.
That state treasurer sucks, she’s talking like a businesswoman, having all those ready shovel projects compete just to find the cheaper payout, what a backwards idea to help the process, just focus on prie test that can provide the most housing, forget the bill since California already has a lot of revenue and more coming in
As someone who has been in construction for 35 years here in the Bay Area, I can tell you the problem is even bigger than what is being described here.
Even before the pandemic, large multi-family builds took years to get to the permit approved status, and often times with rosy scenario cost and revenue projections. Now labor and materials especially are not just over original budgets but many materials are simply not available on a steady basis. This factor of not being able to keep a schedule substantially increases the chances of a project running out of money before its finished. It is a risk fewer people are willing to take, even for non-profit builders.
Even as we are emerging from the pandemic, there are a few factors that make the problem even worse. The labor and material costs are not going to fall, not by any stretch. On the revenue side whatever projected rent rolls might have been are now much lower. Because a good portion of the local workforce can now work remotely, their housing expenses are now being paid in other areas of the state and country. You simply don't have as large of a highly paid captive market of people who have to live here to make their living.
Even with millions in subsidies from the State, it will still be unlikely that we will ever see a substantial increase in subsidized, affordable housing here in the Bay Area. It costs more to build a basic unit of housing, even done on scale, than most people realize. I've seen estimates of 500k per unit, and at this point I would say that is light by a 100k.
Even with the new builds being exempt from rent control for some period of time after building, I think the statewide rent control laws really spooked a lot of developers, large and small. Many of the folks I talk to say they are really focusing on smaller projects that are market rate, and only for sale units(condos and townhomes).
I'm not a huge fan of Fiona Ma, but I agree with her view that "there is more bang for the buck" by giving money to builders in places(central valley) where they can get more units built for the same dollars.
I do enjoy this series, I look forward to more angles on this.
Thanks for weighing in Greg. Very interesting insight. What is your background?
@@CandiceNguyenTV I started out in wholesale material supplies and then got into estimating for multifamily housing. Most of my work was reconstruction. I spent about 6 years doing insurance restoration work in single family homes and some multifamily buildings. Now I work as a cost estimator determining replacement cost values for property insurance policies.
New builds are different from recon, but I'm the first to acknowledge that new builds have far more headwinds that simply repairing or restoring buildings. I can't tell you how much time I have spent in Bay Area building departments just trying to get permits to fix buildings and get people back in their homes after a fire, flood etc.. It can be cumbersome to downright punitive how some, not all, building officials can be. I miss helping people in times of distress, but I don't miss the arbitrary and often times conflicting direction that building officials give. The building/planning departments of big cities of SF, Oakland and San Jose are notorious for this. The smaller cities are generally as stringent as the big cities when it comes to building code, but they are at least consistent in both their interpretation of code and enforcement. I could not imagine being a new construction builder in this region.
Thanks for this detailed answer, Greg
Love this series. Look forward to 40-50 episodes of it. Thanks Candice.
Haha. I will try!
The state had a surplus of $97 Billion this year and $40 Billion last. What in God's name do they spend on???
How about lowering our damn taxes?
money laundering right back into they own pockets
Picking up poop.
studies for the high speed train from la to sf
Themselves
Just like millions of People migrated for better economic opportunity, people will have to move for lower cost of living. It's not just housing, everything is more expensive along with high taxes in California.
So sad, but you’re so correct. It’s all a conspiracy. They don’t want low income, or poor people in their newly renovated and upgraded, beautiful neighborhoods. They consider low income residents to be an eyesore.
When you have a Governor that welcomes everyone including those with nothing but the shows on their feet, why wouldn’t they come for the free stuff that this state loves to give away? The weather is also nice.
@@bayaholic Don’t forget Trans 🏳️⚧️ people get everything first . A trans person came from a red state because they heard how everything in California is free. This person came here got free tuition for school, housing, food , money $1400 monthly because their trans, free plastic surgery.
I first moved to the Bay Area a bit over 40 years ago. I feel nostalgic watching this story because I saw the same stories 40 years ago whenever there was a jump in home values. I have no doubt it will continue for another 40 years. Affordability isn't the problem, it's a symptom. The problem is the great climate. That bough in business, people.
Sure, create cheaper housing but it solves nothing except give Doug a place to live. Doug will then be followed by Tom, Dick and Harry looking for their subsidized home. The Bay Area is a great place to live.
It doesn't look to me like anyone is actually interested in solving the problem because to many there is no problem. New companies are happy they can do the same stories over and over using the same scripts so cheaper content. Organizations helping homeless and advocating for affordable housing is a growth industry so they sure don't want actual fixes...they'd be out of a job. There's also a lot of people in government who's jobs sound like they're supposed to be solving this problem but need to keep the problem to keep their jobs.
To fix the problem we have to look at the problem rather than the symptom. But WOW, we are not allowed to even discuss the problem. Why people who can't afford to live in the Bay Area actually in the Bay Area? It seems a simple question but WOW....can't be asked.
You are asking why service employees are living in the Bay Area? Well, because we all need things like markets and restaurants and services like janitors. At least law enforcement makes enough to have a house for their family elsewhere and can commute in from, say, Tracy (although some sleep in trailers next to the county jail, during their shift days, and there may be more as gas prices continue high). But there is one thing---a lot of service employees are emmigrants who are willing to live with multiple numerous people in a housing unit, if that's what it takes.
I totally agree......People who are not willing to work hard to live this not the place to live. The only provlem in California is the government....especially the school system is so bad. The government people does not really care or does not know how to run and manage properly.
Yeah, I saw the same stories 40 years ago also.
Let me add some Captain Obvious points:
1. Too much demand by better paid people
2. Affordable Housing is really subsidized housing
3. Bureaucracy is stifling
4. Rent Control Bureaucracy drives out small mom and pops
5. Activists want cheap housing in one of the most expensive places on the planet....how does that work?
Candice, how do we get you and the NBC Bay Area Team to win all the awards for this series? I'm literally WAITING for the next one to drop, this was so necessary! You're the best! 🙌🏻
Wow that means a lot. Your support helps. These report take a lot of work! About a year of research and shooting. Ep 4 dropping tonight at midnight.
@@CandiceNguyenTV Thank you 🙏🏽 for all of your hard work.
GET THE GOVERNMENT OUT OF HOUSING!! THEYRE THE PROBLEM NOT THE SOLUTION!
Quoting Gavin Newsom is akin to farting in your own hand and smelling it
They screwed the mom and pops with moratoriums and rent controls. Now they block developers with red tape. Cadillac committee is not acceptable. Governor should rent out rooms in his house to Cancel renters. Try the business and the laws himself . Good luck!
The state's developers need to be permitted to build enough even market rate homes so that market rate becomes reasonable then the state won’t have to spend as much to create affordable housing.
I agree Karl, affordability is a function of availability.
It is almost like the free market is more efficient. Who knew.
IT'S OUR "GOD GIVEN RIGHT"TO HAVE SAFE, AFFORDABLE HOUSING PERIODT
Yes.True.
This was heartbreaking to watch. What a waste of money on projects that haven't been finished.
Prices are high because zoning has artificially restricted supply. It really is that simple. Britmonkey's "the housing crisis is the everything crisis" here on TH-cam is a much more thorough review of this problem and the appropriate solutions. Simply put we need to allow as much development as the market will bear which can only be done by repealing exclusionary zoning
Thank you for bringing this to Candice’s attention. She needs to take this seriously as every other point is just window-dressing.
more housing, more energy needs, more water, more schools and on and on. more taxes dont need more housing, need less californians. If you build affordable housing more will move to california. endless cycle. Newsom is doing his best to accomplish this. with the California surplus should be building resevoirs, power plants if we are going to increase housing stock, already have water shortages, and black outs. Need to pay homeless peoples rent in places like Visalia, Stocton, Bakersfield or wherever building is cheaper. maybe even to rust belt areas like Youngstown, Cleveland, etc. not of the most expensive land in the world.
With a 20 foot temp container type unit out back, it can always be moved, ( if to many problems occur ) but provides the homeowner with the income to help keep from loosing their home.
Did she compare washer & dryers with Lucille Ball? Lucy was a wealthy housewife from a different era
Market rate is pretty high in the Bay area. Lucy would pass out if she saw the prices now. Installing washers and dryers would probably need more red tape lol.
The solution is to forget about "affordable" housing and just let developers build lots of market rate housing. The price of housing is about supply and demand. If we take away all the "affordable" housing requirements then a lot more housing will be built and market forces will make housing affordable without any taxpayer subsidies.
To get enough market rate housing zoning regulations have to be relaxed to allow it. There’d also have to be some protection against lawsuits filed by homeowners trying to block development in their neighborhoods.
You can't allow that. Builders only want to build "luxury units" thus pricing them higher than what people can afford.
@@NovaDoll the expensive market rate homes will take up people with more money and leaving older homes available that will drop in price so market rate housing can indirectly make homes more affordable. And not building will definitely make everything more expensive.
USA need to ask China for help on how to provide housing for its people. China can house 1 billion people and yet USA can't house 400 million people? Stop spending so much money on weapons to rule the planet and start helping your own people.
So the problem is government
When you own a house a small rental property provides an additional income for the homeowner that helps make ends meet and they live right there to help with checks and balances.
We just need Elon to redirect his Twitter ambitions.
Huh???… ok Newsom fan… Newsom is a 🤡
Having worked in apt management for 28 years the LIHTC / tax credit benefits the owners not the residents...🤔 The only affordable housing is with a section 8 voucher..
Thanks a lot for the series. A terrific start to a complicated issue. I would point out that while it’s nice to focus on the government funded projects, the vast majority of housing has and was built without any subsidy, including the small mom and pop buildings that you covered in Ep.2. This can’t occur anymore because over the last 40 years, California has instituted caps on the amount of housing that you can build on most parcels of land. And on top of that, building costs (permits, labor, taxes,etc) adds 50%+ to the cost of building versus other large metro areas. This means less housing gets built on each unit of land, which further exacerbates the housing supply issues. Changing just this in California would add lots of new, more affordable supply.
New housing will not alleviate the unhoused problem because the new homes will STILL BE AT MARKET RATE... WAY TOO HIGH.
dont worry folks, the much needed US$ 40 Billion relief fund will be handed out real soon... to the Ukraine...
kudos to the house and senates, they understood their constituent's suffering, acted swiftly and accordingly by rapidly approving the US$ 40 Billion aid package... this really show how much they care... for the Ukrainian...
Central planning at its finest 👌🏼
Alright Doug!
Hey that's a lot like Brown and Newsom's High Speed Rail project! I think I'm seeing a pattern here!
I really appreciate your videos because they provide a balanced view why rent is becoming more unaffordable. It seems to me that government tries to find solutions, but at the end of they day government regulations are the biggest problem!
Problem is the rentals. Most people would like to own
Wow in CA the masks are still in full force aren’t they…odd to us in the Midwest- we haven’t really worn them for a year and a half…
Depends where you’re at in Cali lol Bay Area yes, Central Valley no lmao
Theyre not mandatory, a lot of people here are easily manipulated and would cover their eyes and ears too if the government & "experts" said it was the right thing to do
Voting them out. These people just sit in their area. Too much bureaucracy.
Overpriced.Overwhelmed.Over the edge.
The cheapest get funding. But hose units spend the most time broken since............they're so darn cheap. Which is ironic......or not.
If you aren't making enough money then MOVE. Project Roomkey to my understanding was free. If that is the case and you are working multiple jobs then you should have some money in the bank.
Yea let's move to mars. Soon the earth will be owned by only 50 people billionaires
Costs money to MOVE
Not everyone can just move at drop of a hat
@@recoveringsoul755 If you have free housing for 9 months along with working then you should have enough money to move.
@@nicholasthompson7690 Yes you can. If you are evicted then you really will be moving at the drop of a hat,
Hold up… did he move next to lake Merritt? It’s a win in a way
what happened to habitat for humanity? they said if you help bid you might get a unit
California was never affordable for the average working person. A place to visit but not live there unless you have money. I would love to live in San Diego but not move there then still would have to work several jobs and live with multiple roommates. Then live paycheck to paycheck and never be home to enjoy it.
It costs about 100K to construct a small house. For 1 Trillion, at least 10 million homes can be constructed to house over 40 million people. This will solve the homelessness problem, save all the section 8 money, make owning more affordable, and stimulate the economy: if you don't have to pay rent you will have extra money to spend on other things.
The government can sell those homes to people interest free over a 10 year period (at about $900/month). However, this probably won't happen.
Hello :)- first ONE here!!! Let's get this ball rolling!!!
If anything extols the failures of central planning, this is it! And for affordable housing which is beautiful, check out Cleveland.
There is free housing in jail and prisons and corrections facilities and you don’t have to pay for nothing
Hahaha sad but true
Here is sort of a solution for the state of CA. On those vacant lots you can bring in old RR shipping cargo containers and convert them to public housing. I have seen it done and it can be done on the cheap. You are welcome CA. Part of the problem solved from Australia.
This is sinful what is happening
The next major problem is the housing crisis. A lot of people are in need of affordable housing and companies in certain areas cannot get workers due to a shortage of housing in that area. That also affects the economy and therefore everyone. The solution would be for the government to have affordable housing built through private companies and set a price on the costs with a modest profit. We give other countries tons of money every year so use that money to fix our housing problem. The housing bubble is going to bust soon.
Best decision I ever did was to move out of California.
Fiona wants a kickback!!
LOL BEING ABLE TO LIVE INDOORS DOES NOT NEED TO BE THIS COMPLICATED
they should help renters to buy the buildings from the owners. they re already paying the mortgage. the city and state can help secure the down payments and loans. get rid of the greedy middle people who rent out the properties.
Look at California High Speed Rail...10 years of permitting and not 1m track has been laid
Newsom could emergency permit fast-track residential housing if he wanted to
Currently residential construction workers continue to sit on their moms couch collecting govt checks smoking pot
cannot do any actual work since all Blue States place so much regulation on all residential construction
It takes YEARS for permits to be approved before actual construction starts
I think we need to bring back AHHNNOOLD!
First!
I'm obligated to do this.
Sorry Doug, move to the midwest.
Very like
Please get government out of the way and allow the private markets to work.
The correct house hack for those with a meager income like Doug is to rent a room in a large house with roommates, not to have your own apartment as a single guy with a meager income. Even sharing an apartment is too expensive. That's why you see a bunch of houses in San Jose with driveways stuffed with cars and more cars parked on the front lawn. If you pop open the garage, you'll see that there is someone living in there. If you look through the bedroom window, you will see bunk beds. I'd like to see a future episode focused on the single family house being rented out to many roommates so guys like Doug can be educated on the smarter way to find housing.
Zoning regulations typically will limit the legality of that. I am not in CA, but I imagine that zoning regulations exist there similar to what exists where I am - residential units are intended for “single family” use, and to cover the roommate situation the regulations will say something like a family consists of people all related to each other or a maximum of three unrelated people. There is even a town near me that limits it to a maximum of two unrelated people. Doesn’t matter how many bedrooms in that residence …
Why are we surprised that politicians over-promise and under-deliver?!? A story as old as time!!! And, No mention of the REAL issues here...! @
No money nobody wants to pay.
Wow those infographics told me nothing
And nobody knows where the money has gone, 3:13 it will probably be another decade before it happens, where is the money gone
Developers - want more money money
I'm leaving this rancid state. I have 300 homeless living on my street
Why would anyone vote for Gavin Newsom?
The state should own the real estate and housing and construction to provide it to the people as public service, a right. Eminent domain the land for construction.
move to China or Russia, see how that works
and here you have the idiocy and fallacy of socialism at ita best. relying on govt to pay for hosting which doesn't not pay for itself. You think capitalism is evil? then go live in North Korea or Venezuela or Cuba and see how great life is there
Lol guarantee someone is taking extra money home, for not giving money out to build affordable houses.
Section 8, food stamps and welfare for all, the government must print more money 💴 and price controls
Graft.
People get what they allow
Praying for more housing . Blessed but the things that have to be done just to live is beyond , all we as Californians want is for our paychecks to match the rise in Everything, everywhere. !
20$ minimum calif wage !!!! W/o raising everything else !!!
Good 👍 👍👍👍⭐️⭐️⭐️⭐️⭐️
Glad you liked the episode!
Nice "Porn Star Pretty" advertising...lol nice product though.
Corruption
California don't get it lol
What the Asian lady meant to say was $1.7 billion was funded $1.1 billion was for pork barrel spending. And the other $600 million spending was for actual housing. "MAYBE".
This is really pathetic. What I hate about todays california is it is a culture they can't figure what to do with out billions of dollars. everything has to be on the passed on the renter. It is STUPID. this is an issue of cultures VALUES. and home state which use to not be this way is pathetic. Good bye california.
LOL y'all wasted the money... i see what voting solid blue did to cali. its dead AF
Gavin's dead went to gitmo
Who is that then?
We need Islamic Emirate states of America and housing right in sharia constitution.
That state treasurer sucks, she’s talking like a businesswoman, having all those ready shovel projects compete just to find the cheaper payout, what a backwards idea to help the process, just focus on prie test that can provide the most housing, forget the bill since California already has a lot of revenue and more coming in
We can’t pick and choose even though we have a 90 billion dollar surplus
What's your solution?
Gavin needs to go