How will the industry react? Will they move from California? I have a feeling that this is why they didn't shove Newsom down our throats.
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The $150K is for the downpayment, as I understand it. I'm not sure what happened to the $25K plan. But you're totally right. Even if you can make the payments, the existing and proposed taxes will destroy personal home ownership.
Either way, neither will happen because CA didn't include funding in the budget for this year. Just like the reparations they promised.
Just wait until the feds start breaking promises to the illegal aliens. Then things will get interesting.