For both home owners and renters, the cost of housing is the greatest burden we carry. We cannot bring those costs down without building more homes: single family homes, multi-family homes, homes for all income levels.
That means developing our neighborhoods sensibly by building more housing where there is no housing, on commercial streets and public transportation routes. It also means creating more transportation options for the San Fernando Valley and all of Los Angeles, so people can live and work around our city without long commutes in soul-crushing traffic.
Family home ownership built the middle class of this country by allowing working people of modest means to own their own homes, and pass on their assets to the next generation.
For too long, many families were locked out of that opportunity. We need to expand that opportunity to more families, not limit it to a few. Concentrated ownership of single-family homes by large corporations reduces the supply of homes for actual families and raises costs for buyers and renters alike.
I have introduced motions to combat this unwelcome development (CF 21-1586) and commit the City Council to supporting statewide action to protect the opportunities for family home ownership (CF 25-0002-S4).