California Takes Important Step to Relieve Housing Costs
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 21 September 2021
⏱️ 10 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Tuesday, September 21st, 2021. |
| 0:07.0 | I'm Caleb Brown. |
| 0:08.0 | In a state with high housing prices and rampant homelessness, California last week made a move to make it easier to build housing. and it's a great first step toward giving California some relief against the entirely man-made |
| 0:25.5 | constraints on housing construction. |
| 0:28.5 | California is well known for its housing problems. |
| 0:31.6 | Just the rate of homelessness alone should tell us something about |
| 0:35.2 | the trouble of acquiring and keeping housing for many Californians. |
| 0:41.2 | What have they done here with these two pieces of legislation? |
| 0:45.0 | Well, these are important. They'll do less than I think that are advertised, but they're really important in that they're kind of a breakthrough in the housing struggle in California. The most important one is |
| 0:55.2 | SB 9, which was just signed, and that would basically eliminate statutory single family zoning anywhere in the state. |
| 1:06.4 | It would require that you can build duplexes on any parcel property in the state, even those |
| 1:12.3 | that were previously zoned only for single family. |
| 1:15.6 | It would also allow if the plot of land is large enough to splitting the land, so theoretically |
| 1:21.0 | you could have up to four units where you only had one that was allowed before. |
| 1:25.0 | Okay, so that is a potential for a massive expansion of housing in California. |
| 1:34.3 | Houses could be split into multiple units. |
| 1:38.8 | Lots could be built up in a way that allows multiple units as well. What are the also continuing |
| 1:48.8 | to exist regulatory structures that might stymie those efforts. |
| 1:54.0 | Yeah, we may see a lot fewer units built than we had then anticipated because there's still a host of other |
| 2:00.5 | regulations in the way. For example, there's still a minimum lot sizes per unit that are listed. |
| 2:06.6 | You still have to have a certain setback from the streets. You still have to deal with the California |
| 2:12.0 | Sequo, the California Environmental Quality Act, |
... |
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