Will the California SB 9 bill tank the market?

[Lane Kawaoka]

Will this drive more people migrating to California from other states or will people shy away from living in California? Or should you go oos?

My brief understanding of the new law:

Senate Bill 9 is a bill that allows lot splits and two-unit projects in single-family zones making the single family homes and multifamily homes to coexist in the same zone.

As the population becomes denser in California, there is a continuous demand for residential property.

Multifamily homes can cater to this booming population.

However, the costs of real estate might be far from a decline.