The plan for a new California city
231,793
Published 2024-05-19
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All Comments (21)
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I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
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I think sueing landowners is disgusting. They have a right to their land, and their home.
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I was skeptical and now even more so after hearing that they tried to sue the landowners who don't want to sell for supposedly "holding out" to increase their land's market value. Ridiculous. If they don't want to sell California Forever is just going to sue them? Is that what I'm hearing? Billionaire suing people who just want to live peaceably farming their land. I was born and raised in the Bay and totally against this.
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How about turning around downtown Los Angeles and spending those billions renovating existing “walkable” neighborhoods. No, instead eat up the farmland and ruin the actual rural areas. Not a good design plan. The West Village and all of the other walkable neighborhoods exist because they are in metropolitan areas and it all feeds off each other. Creating a city in the middle of nowhere just makes it a place you have to still drive to get anywhere else. It will end up being a weekend getaway for rich people.
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Fix the cities that need help. Stop taking the farmland
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If rich people build it don't be surprised it's affordability would only be for the rich as well.
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Let's fix the cities we already have. Sigh.
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California already has several cities built in the middle of nowhere and the rents are getting unsustainably high.
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This project reminds me of Disney's planned city call "celebration" in Florida. The city is celebration is so expensive. Disney too said that it will be an affordable community where the average citizen could afford a house. It's obviously clear that only the rich could afford to live in Celebration, Florida.
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Never give up farming it’s a American tradition
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Nothing new here…I see future urban sprawl. I get we need more housing across the board but developers are critically concerned with their bottom line and this guy is a master at convincing those who will listen he’s doing it “for the better good.”
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How will they keep it “affordable” without a 30 year waitlist?
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That land looks beautiful as is. Maybe just leave it alone.
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There's so many dying cities that could use infusion and innovation. Where the land is already there. Without taking natural farmland and migration sanctuary from established protections, or endangered migration species. Just because someone can boost they have a bright ideas. While damaging the eco system.
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I don't believe it will be affordable. A. It's in California. Anytime something nice is built, people who need it never get it. Rich people do. B.Land is expensive. That is the number one reason, everything is so expensive. I don't believe it. Rich people are trying to get richer.
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How about putting some money into revitalizing old cities like Detroit.
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Wow...world's largest HOA.
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The 80 is already too congested. This is craziness!
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I grew up in that area 50+ years ago and the fact they want to change the whole landscape and they are literally forcing farmers/ranchers to sell is what bothers me the most. I know the McCormacks and they have always been the rocks of our county, as well as Andersons, Hamiltons, Leutholtz, Hansens... This is wrong and I really feel that Fairfield, Suisun, Travis Air Force Base and the surrounding area will not be able to support this type of housing.
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Lower housing costs is not a mystery. This is a self imposed crisis. If you don’t build enough in the places people want to live, you get rising prices. It is insane that existing homeowners who already “got in” on the housing market get to dictate if and how much gets built. The response is always, “I’m not against housing, but this isn’t the place for it or the way to do it”. They are totally unaware that same line is said in EVERY opposed housing development in history.
