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I'm John Batchel, visiting with Julia Cartwright, a senior research fellow in law and

economics at the American Institute for Economic Research, writing at Civitas Outlook for

Civitas Institute. We've defined the problem. Okay, big deal. Complain, complain. What is to be done?

There are guidelines. There are possibilities. Julia, you mentioned earlier. Governor Gavin Newsom

is recognizing this problem and moving on it. What is AB 130, AB 131? I'm unfamiliar with the

nomenclature.

Yes.

So it's a House and a Senate bill that Governor Gavin Newsom passed a few months ago.

And what it does is it unburdens many of these developers from the very costly environmental review.

So it makes it less costly and less time consuming for developers,

regardless of what particular building they're developing.

They're developing. Now we're going to divide the, we're going to branch. We've got affordable

housing, which means something less than a million dollars, and we've got luxury housing,

you lay out an argument that makes it very clear there's just no profit worth chasing

for affordable housing. How does that work? Yeah, great question, John. So if you have two

...