Housing will not collapse with a real estate mogul in power, should be pretty obvious. Homes will become unaffordable for the average person and they will be paying high rents for life. High home prices only favor career Landlords, not homeowners.
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Better get used to more vacant homes and blossoming tent cities.
We could see tent cities, vacant homes and rising home prices, people with full time jobs are living in their cars as they cannot afford the rents in CA.