What Prop 37 Would Mean for California Homebuyers | Robert Hertzberg
In California, renters outnumber homeowners until age 47—about a decade later than in the rest of the country. For many middle-class families with steady jobs, the step from paying rent to owning a home keeps moving further away.
Saving for a down payment is one barrier. Another concerns what kind of housing gets built in California and who it’s built for.
Bob Hertzberg is a former California Senate majority leader and assembly speaker—and the author of Proposition 37, the middle-class homeownership measure on the Nov. 3 ballot. He makes his case for how the proposal addresses the barriers facing both buyers and builders, and what putting it into practice would require.
Views expressed in this video are the opinions of the host and the guest and do not necessarily reflect the views of The Epoch Times.
