Two letters to the editor discuss concerns about housing in California. The first warns against state-backed loans for risky multi-family housing projects that could burden taxpayers with losses. It argues that wealthier developers should bear risks instead of subsidizing them with public funds. The second letter critiques the dismissal of the housing crisis as a sham, emphasizing that low-income individuals often struggle with financial barriers such as low credit scores and inability to afford initial payments, further restricting their housing options. Both letters highlight systemic issues in the housing market.
Extreme losses in the California FAIR plan for high-risk fire insurance will now be paid, in part, by people living all over the state, including in low-risk areas.
High-risk pools should pay the real costs of their projects by themselves. Privatizing profits while socializing losses is wrong.
People have structural problems in their finances, just like cities. A needy car, unpaid sick time from work and a low-paying job block the accrual of the $4,000-$6,000.
Having a bad credit score is a seven-year sentence to rent only run-down, old and privately owned housing.
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