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It'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 landl
by nostrademons 5y ago
It'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.