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|2 years ago
Wouldn’t CA also make money by allowing more housing to be built instead of playing finance shell games ?