{"id":2397,"date":"2021-10-12T18:50:04","date_gmt":"2021-10-12T18:50:04","guid":{"rendered":"https:\/\/socal.law\/?p=2397"},"modified":"2022-02-14T22:23:54","modified_gmt":"2022-02-14T22:23:54","slug":"what-senate-bills-9-10-mean-for-attorneys-in-san-diego","status":"publish","type":"post","link":"https:\/\/socal.law\/what-senate-bills-9-10-mean-for-attorneys-in-san-diego\/","title":{"rendered":"What Senate Bills 9 & 10 Mean for Attorneys in San Diego"},"content":{"rendered":"\n

Unless you inherited your house from your grandmother (and keep a very very low profile), you know that the cost of real estate in California has been skyrocketing for decades.  <\/p>\n\n\n\n

Not even COVID could stop the real estate bubble, in fact, because many people didn\u2019t want to move during the pandemic, it decreased the supply while the demand never slackened. <\/p>\n\n\n\n

Immediately following the recent failed gubernatorial recall, Gavin Newsom put Senate Bills 9 & 10 on the CA Senate floor to help address the housing crisis in California. <\/p>\n\n\n\n

As defined in a recent article<\/a> in the NY Times: <\/p>\n\n\n\n

\u201cS.B. 9 allows duplexes to be built in most neighborhoods across the state, including places where apartments have long been banned. <\/p>

S.B. 10 reduces environmental rules on multifamily housing and makes it easier for cities to add high-density development.\u201d<\/p><\/blockquote>\n\n\n\n

Can you hear that? It\u2019s the sound of people\u2019s heads exploding. <\/p>\n\n\n\n

San Diego is a big small town, you live here, you know.  Neighborhoods as tony as Del Mar still have bungalows with beach views held onto by families who bought in the late \u201960s and aren\u2019t going anywhere. Housing prices have skyrocketed in the past 2 years with the median cost to buy a home topping $750K in 2021 and estimates saying<\/a> the price will reach $1M next year. <\/p>\n\n\n\n

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