California
political will recently spoke with the current demise of proposed Senate
Bill (SB) 50. As reported in a Sacramento Bee, my local newspaper, article
last month - California cities killed a sweeping housing
reform bill. Can Gavin Newsom find another option? - SB 50's density-rich solutions would have aggressively
dealt with zoning restrictions that impact housing affordability by forcing
local governments to authorize taller office buildings and multi-family housing
in areas where they're currently not permitted.
This
political will of local governments is a bigger example of not in my backyard
(NIMBY) mentality, heretofore known as not in my city.
Governor
Newsom's ambitious $1.75 billion proposal of building 3.5 million new homes by
2025 and a host of other legislative solutions on the drawing board, will
create a hard-to-imagine gargantuan California in the not-to-distant future. California already has a bursting-at-the-seams
population of about 40 million residents.
According
to one source, California has an average household size of 2.94 so the
additional 3.5 million housing units Governor Newsom wants built would swell
California's population by an additional 10 million residents. Imagine a
California in six years, with a population of over 50 million.
Did you
notice the traffic on the way to work this morning? Imagine it being 25
percent more congested.
When will
our elected officials realize that perhaps the way to deal with the
unaffordable housing crisis is to let the housing market do its thing?
Supply and demand are powerful forces that have an amazing ability to create
correct economic solutions.
Lack of
housing affordability, if not tampered with by government-orchestrated
manipulation, will ultimately decrease housing demand. People will
relocate to other states where housing is more affordable. There's
nothing inferior about this market solution.
And, a
decrease in housing demand will improve affordability for those choosing to
remain because demand will more closely align with supply. Maybe, even,
housing supply will eventually exceed demand. Know what impact that'll
have on housing affordability?
Concurrent
with the unaffordable housing crisis is political chatter about how to solve
California's traffic problem. Some advocate government-orchestrated
solutions such as additional investment in public transportation, or the next
new form of taxation masqueraded with a clever name of traffic-congested
pricing charged to drivers of vehicles roaming around congested areas.
Do we
need new government solutions like another high-speed light rail boondoggle to
nowhere?
What
about our California environment and its air quality? How will another 10
million Californians affect California's ability to protect our
environment?
Have you
ever walked into a restaurant or other establishment and notice a sign that
reads something like "Maximum occupancy permitted by law of [insert your
number]" Maybe this is what we need in California, a maximum population
number known to our elected leaders so they don't go about mindlessly with
proposed legislation as if the sky is the limit with California's future
population.
When was
the last time our elected officials asked us the population we want for
California? I haven't been asked if I want a California of 50 million
residents, have you? What do you want?
Maybe our
California is at maximum occupancy.
Pax
Domini sit semper vobiscum
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