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6% increase in housing units isn't nothing [1]. That said, I think you're right that more aggressive measures would need to be taken to resolve the shortage. Is
by dado3212 5y ago
6% increase in housing units isn't nothing [1]. That said, I think you're right that more aggressive measures would need to be taken to resolve the shortage. Is there a link to recommendations that would have larger impact? I know CEQA's brought up a lot, but is there some paper that's been written around proposals and estimated housing units?
[1] https://www.infoplease.com/us/census/california/housing-statistics https://www.infoplease.com/us/census/california/housing-stat...
- kortilla 5y agoThat’s effectively nothing when everything is so constrained already. A 3bd/2ba house in Sunnyvale runs for a couple of million dollars. Do you think 6% is going to bring it down to 300-500k like other suburbs in the country (e.g. around Indianapolis, Atlanta, Dallas)?
- SpicyLemonZest 5y agoI don't think anyone believes this bill will single-handedly solve the housing crisis or intended it to do so. The hope is that it will be a good incremental step, and encourage other reforms to promote more housing as people discover that multifamily units aren't a big deal.
- nostrademons 5y agoIt's not going to bring home prices down - it actually reduces the number of SFHs on the market, and the new units created are duplexes where they'll be a landlord (probably an occupant) and a tenant. It's likely going to bring rents down, or at least keep them from climbing much higher. But that's already a huge win. A 2BR duplex in Sunnyvale rents for about $3500/month, which is pretty insane. Bring that down to $2K/month and you might have families living in their own unit again (instead of 3 families sharing a 3BR, each getting one room), or young people that can afford to found startups.