SB 50 - The More HOMES Act
I am 35 years old and I still live in a rental unit because I graduated into a recession and can not afford the financial risk of home buying. My rent controlled, seismically questionable unit built in 1966 was market rate and is now it is renting for $3000. Year over year of doing nothing has caused the rents to exceed inflation, and the next set of wildfires in California will make this problem even more dire. I have seen many affordable projects get scrapped or delayed due to local control and it's heartbreaking. We must tell exclusionary cities such as Beverly Hills, Palo Alto, and La Cañada-Flintridge to build more homes. It is time to end the era of expensive, luxury single family homes being the dominant type of structure in California and to embrace characters and not neighborhood character. We can not move forward in California or take any leadership in progressive movements until we have ensured a future for the younger people growing up in California. That means increasing the capacity to build affordable and market rate homes near transit. I hope Senator Atkins can bring SB50 to the floor without any more delay so that we can build more homes. -more-