Governor Jerry Brown recently proposedlegislation that would streamline the path for large-scale development across California. It could have a huge impact on growing housing supply in San Francisco, specifically, which suffers from NIMBYism and a lengthy, local review process for building developers.
The additional supply spurred by the legislation will help abate the rising housing costs — and is a good thing. But in the end, it may not matter much. Within about five years a new technology revolution will create a massive shift in where people choose to live and, as a pleasant byproduct, will solve San Francisco’s real estate crisis, independent of any legislation.