Shouldn't California Cut Its Housing Mandate in Light of Tech Layoffs?
Shouldn't California Cut Its Housing Mandate in Light of Tech Layoffs?
Why would less housing make anything better?
California is decades behind on housing stock and it will take decades to recover. Downturn in one cycle is not worth it.
If anything, layoffs mean more housing should be built, not less. Increase the supply and prices will fall.
Do we want a mass construction workers layoff in addition to tech layoff?
Tech recession should be countered by encouraging developments in all economic sectors, especially pro-development policies that doesn't cost taxpayer money.
What fraction of the people and households in CA are that kind of tech? I bet not.
EDIT: I am referring to fraction in terms of people, not tax dollars. If they're long term unemployed now, their tax value is low anyway.
What does one have to do with the other? Do substantially less people need housing in general, or lower cost housing in particular, than before the layoffs?