New recording fee for affordable housing?

from San Diego Union Tribune (03.06.2015)

Bob Rauch on the EconoMeter panel as they discuss the proposal in Sacramento:

New recording fee for affordable housing?

Bob Rauch: No

“While a good idea in theory, the cost of real estate transactions in California is already among the highest in the nation and every ancillary fee, no matter how small, is another deterrent to development. Affordable housing is a serious issue statewide but it should be handled through public-private partnerships instead of yet another government mandate that deters business transactions in the state.”

Read more from the panel…

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