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RE: LeoThread 2025-11-11 03-09

in LeoFinance6 days ago

Part 9/13:

However, the complexity of the legislation, including bill proposals allowing local agencies to use taxpayer dollars for land banking and buying lots at fair market prices for affordable housing, raises eyebrows. Critics worry this could be a prelude to a significant expansion of government-controlled land and housing projects, especially in expensive neighborhoods like the Palisades, where land values reach into the millions.


The Bigger Picture: California’s Broader Housing Crisis