At a recent debate, Xavier Becerra discussed his plan to make housing “more affordable” in California. But his agenda would do the opposite if enacted. If his policy ideas become law, home prices will soar even higher.
Becerra, a former Biden Cabinet member, California attorney general, U.S. House member and state lawmaker, has worked in government his entire career. So it should be expected that he would propose solutions that would increase government intrusion in the state’s ongoing housing crisis.
“We want to be sure those who want to buy a house get in a house,” he said at the April 22 candidate debate.
He wants to convert renters “into homeowners by helping them with their down payment” through expanded assistance programs. He doesn’t seem to understand, or maybe doesn’t care, that this sort of government action will inflate housing prices. It creates an artificial demand for homes, which will lead to higher prices as more prospective buyers compete for an especially scarce commodity.
