The announcement follows Newsom’s 2024 executive order, which directed encampment cleanups after a U.S. Supreme Court ruling granted state and local governments more authority to remove them.
The announcement follows Newsom’s 2024 executive order, which directed encampment cleanups after a U.S. Supreme Court ruling granted state and local governments more authority to remove them.
For a lot of folks their equity is the only savings they have. And those folks are a lot more politically active and pay more taxes and donate to campaigns so politicians care more about them.
It’s gonna be hard to get this passed without a lot of carve outs and/or backlash.
Maybe adding a homestead personal income tax credit for folks who owned their home prior to the new law with a gradually applied cap on it to mitigate the loss of equity for people who only own one home.
But without a ban on corporate ownership of homes it might not help much.