4 ms·
It will be interesting to see what the recent legislation will do to California housing prices. I'm not entirely sure if there are enough large lots to sustain
by rmk 5y ago
It will be interesting to see what the recent legislation will do to California housing prices. I'm not entirely sure if there are enough large lots to sustain multiplexes on them. But even if people start building duplexes, it may help ease the lack of inventory.
- alistairSH 5y agoI haven’t seen it mentioned, but does the recent legislation override HOA contracts? Not sure about CA, but most homes built since the mid-70s near DC have HOAs of some sort.
- rmk 5y agoI have seen developments in Virginia, in the middle of nowhere or along important highways, with houses built in clusters. I did not realize they all had HOAs. I do not know the details of the legislation, but it is my understanding that the owner of a lot can raze the house and seek permits to put up up to four houses, depending on lot size. And the permit process will be on an 'as-of-right' basis, i.e., your neighbors can't block you with the CEQA nonsense: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB9 https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml... Here is the relevant excerpt: The California Environmental Quality Act (CEQA) requires a lead agency, as defined, to prepare, or cause to be prepared, and certify the completion of, an environmental impact report on a project that it proposes to carry out or approve that may have a significant effect on the environment. CEQA does not apply to the approval of ministerial projects. This bill, by establishing the ministerial review processes described above, would thereby exempt the approval of projects subject to those processes from CEQA.