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California’s Billion Dollar Housing Disaster Just Got Worse | The Right Wing Club
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California’s Billion Dollar Housing Disaster Just Got Worse | The Right Wing Club
California is on the verge of pushing through another high-risk housing scheme—this time with taxpayers on the hook for billions if it fails. Senate Bill 750, dubbed the California Residential Mortgage Insurance Act, proposes a state-backed loan insurance program to encourage multifamily housing construction. Supporters are touting it as bold and innovative. But critics warn it’s reckless, unaccountable, and destined to benefit powerful develope…
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