CA ballot initiatives: Prop 12 -- Veteran's Bond Act

[jpmassar]

Prop 12 continues funding a program established in 1921 that buys
homes and then sells them to veterans, providing them with what
appear to be below-market mortages.

According to the writeup the the program has always paid for itself,
never costing the taxpayers anything.

The funding is via a $900 million bond.

Comments

[n6tqs]

(As someone pointed out somewhere, military people generally don't have
a lot of say in where they serve....)

Or where they live, so it can be difficult to get started early on the "property ladder". Or maybe that's what you meant by "serve".

[jpmassar]

No, the comment I was semi-quoting meant that a given serviceman
doesn't know when he enlists whether he'll be sent to Iraq or
Germany, Hawaii or Afganistan.

[jpmassar]

In what sense have veterans been getting their benefits cut?

(Not a rhetorical question. I am a bit surprised)