My latest article explores the drastically different welfare impacts of new luxury housing by income level, and how this should impact housing policy.
open.substack.com/pub/harlo/p/whโฆ
WOW: New California Home Ownership Data
- Nearly 20% of homes in California are owned by investors
- Investors purchased 26.8% of all residential property sales during the first quarter of 2025
- Sierra County has a whopping 82% of single-family houses owned by investors
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