California is losing population, interest rates were at historic lows, Wall Street investment firms are buying homes, and Airbnb is converting existing homes into vacation rentals. The housing market is complicated; there is no silver bullet.
Who pays for the new infrastructure? The sewers? The Schools? The traffic impacts? According to the new state laws, not the new projects, the existing residents do.
Building housing and building affordable housing are two completely different market segments. How many of these state laws require actual, enforced, non-owner-occupied affordable housing? None.
