patrick.net

No it won’t, want to bet money?

California, Mired in a Housing Crisis, Rejects an Effort to Ease It
https://www.nytimes.com/2020/01/30/business/economy/sb50-california-housing.html

"Mr. Newsom campaigned on a promise to usher in reforms that would lead to the construction of 3.5 million housing units by 2025. That output would be more than quadruple the current rate, and the governor has started referring to it as a “stretch goal.”

California is not only well behind that pace, but the number of housing permits has actually turned downward — hovering around 100,000 units in 2019 "

"The consequences are in plain sight. Cities are struggling to deliver basic services because teachers and firefighters can’t afford to live near their jobs. A surge of sidewalk tents and homeless camps has prompted city leaders to urge a state of emergency — and led lucrative business conferences to find other locations. Many Californians are moving to cheaper states, and homelessness routinely tops the polls of residents’ biggest concerns.

Liberal and conservative economists agree that the housing squeeze arises in part from an excess of process and local rules. Attempts to reform exclusionary zoning are central to the housing plans of most of the current Democratic presidential candidates, including Senators Bernie Sanders, Elizabeth Warren and Amy Klobuchar."