If you pass this without passing radical reform of zoning and building millions more homes, it will be yet another wealth transfer mechanism from poor consumers to wealthy California landholders. Rents will eventually match the increase in income as way too much demand chases an incredible, inhumane, History Will Judge You shortage of supply.
Which, amazingly, is one of the reasons this could actually pass. California's property class seem to get everything they want, even if it's voting down small and inadequate reforms like SB-50 was (it was a start but not even remotely enough).
California should be thinking about absolutely nothing else that's big except fixing their housing crisis. It's so big at this point that it's actually causing most of the other major problems.
Which, amazingly, is one of the reasons this could actually pass. California's property class seem to get everything they want, even if it's voting down small and inadequate reforms like SB-50 was (it was a start but not even remotely enough).
California should be thinking about absolutely nothing else that's big except fixing their housing crisis. It's so big at this point that it's actually causing most of the other major problems.